Rider Premium definition
Examples of Rider Premium in a sentence
All Riders will be automatically cancelled if the total of the above-mentioned amount are not enough to pay for due Rider Premium.
All Riders will be automatically cancelled if the total of the above-mentioned amounts are not enough to pay for due Rider Premium.
We will only refund the Rider Premium (incluvise of extra Rider Premiums and excluding taxes, if any) received by Us, after deducting the proportionate risk Rider Premium for the period of insurance coverage, charges of stamp duty paid and the expenses incurred on medical examination of the Members, if any.
During the grace period, if the overdue Rider Premium is not paid and upon the Death by an Accident of the Life Insured, We will pay the Rider Sum Assured after deducting the said overdue Rider Premium from the amount payable under this Rider.
Benefit Description Number of Members Total Sum Assured (INR) Premiums (INR) Base Sum Assured Base Premium Rider Sum Assured Rider Premium Total Premium Service Tax on Total Premium Education Cess Secondary &Higher Education Cess The stamp duty of Rs. paid by pay order, no dated Government Notification Revenue and Forest Department No. Mudrank .