Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
Total Premiums Paid means amount equal to the total premiums paid during the premium payment term of the policy. Such amount should be excluding interest, tax, underwriting extra premiums and loading for modal premiums, if any.
Total Premiums Paid means the total of all Premium received under the Policy, excluding Underwriting Extra Premium, loadings for modal premiums, Rider Premium, and applicable taxes, cesses or levies (if any).
Examples of Total Premiums Paid in a sentence
Total Premiums Paid are the total of all the premiums received, excluding any rider premium and taxes.
More Definitions of Total Premiums Paid
Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes. 1. Benefits:Part C Benefits (1) Maturity Benefit – On survival of the Life Assured till the Maturity Date and provided all Premiums which have fallen due have been paid, the Maturity Benefit payable shall be Guaranteed Income on Maturity payable at the end of each Income Payout Frequency as provided under the Policy Schedule, during the Payout Period as mentioned below. Maturity Benefit will be paid as Guaranteed Income for the fixed term of 10 or 12 years starting from (Policy Term + 1)th year, in arrears on payment of all due premiums.The amount of Guaranteed Income shall be equal to the percentage of Annualized Premium depending on the Premium Payment Term and Policy Term. Please refer “Appendix 3” to know the Guaranteed Income Payable. On the Maturity Date, you shall have an option to receive the Guaranteed Sum Assured on Maturity, which shall be the present value of future payouts, discounted at a rate of 9% p.a. This interest rate is not guaranteed. However, any change in the interest rate will be subject to prior approval of the Authority and will be applicable only to the policies sold after the date of change. At any point of time during the Payout Period, you shall have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest ratesdescribed in Part D Clause 4 below. On death of the Life Assured during the Payout Period and provided all Premiums which have fallen due have been paid, the Nominee shall continue receiving Guaranteed Income on Maturity as per Income Payout Frequency for the remaining Payout Period, however the Nominee shall, any point during the Payout Period, have an option to receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest rates described in Part D Clause 4 below. (2) Death Benefit – On death of the Life Assured during the Policy Term and provided all Premiums which have fallen due have been paid, the Death Benefit payable shall be equal to Sum Assured on Death which is highest of:
Total Premiums Paid means total of all premiums received, excluding any extra premiums, any rider premiums and taxes.
Total Premiums Paid means the total of all Regular Premiums received by the Company, excluding any extra premium, Rider Premium and taxes.
Total Premiums Paid means amount equal to the total Premiums paid excluding any Extra Premiums, any rider premiums and taxes, if any;
Total Premiums Paid means amount equal to the total Annualised Premiums paid during the Premium Paying Term of the Policy;
Total Premiums Paid means the total of all Premiums received, excluding Underwriting Extra Premium, loading for modal premium, Rider Premiums, and applicable taxes, cesses or levies, if any.
Total Premiums Paid means the total Premiums received by Us excluding any extra premium, the premiums paid towards the Riders, if any, and applicable tax and cess.