Single Premium definition
Single Premium means the amount payable by the Policyholder at the Policy Commencement Date, as per the amount specified in the Schedule.
Single Premium. ’ means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.
Single Premium means the Premium paid to Us in a single instalment as specified in the Schedule;
Examples of Single Premium in a sentence
The Individual Single Premium Deferred Registered Index-Linked Annuity described herein.
Single Premium Universal Life - Charges as determined per annual expense analysis and Quarterly Allocation Report.
The reinsurance premium rates applicable for the Single Premium Whole Life plan of insurance take into consideration the Company's liability for premium taxes.
The Policyholder has to pay the Single Premium on or before the due date.
It is a Modified Single Premium Annuity, which means you may make one or more Purchase Payments during the Purchase Payment Period.
More Definitions of Single Premium
Single Premium means the premium amount specified in the Schedule and paid to Us in a single instalment as specified in the Schedule excluding applicable taxes, cesses and levies;
Single Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder only once at the Policy Commencement Date.
Single Premium means the premium amount specified in the COI and received by Us in lump sum excluding applicable taxes, cesses and levies;
Single Premium means the Premium amount specified in the Certificate of Insurance which is payable in Lump Sum in respect of the Insured Member under this Group Policy.
Single Premium means the amount of initial premium contribution made for the Basic Policy, which is shown on the Policy Information Page.
Single Premium means the premium amount paid to Us in a single instalment as specified in the Schedule excluding Underwriting Extra Premium (if any), Rider Premium and applicable taxes, cesses and levies;
Single Premium means the Premium payable at the Policy Com- mencement Date and is equal to that mentioned in the Schedule.