Total Premiums Paid definition

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

  • If at the correct Age the Life Insured is not insurable under this Policy pursuant to our Underwriting Policy, the Policy shall be void ab-initio and the Company will refund the Total Premiums Paid without interest after deducting all charges incurred by the Company under the Policy.

  • This total amount will be subject to a minimum of 105% of Total Premiums Paid, as on the date of death.

  • After the expiration of the cooling-off period, if you cancel the Policy before the end of the term, the projected Total Surrender Value (if applicable) may be less than the Total Premiums Paid.

  • If death of any of the life insureds occurs during the first 90 days from the Date of commencement of risk, we shall refund Total Premiums Paid and the policy will terminate with immediate effect.

  • An updated contact detail of the Policyholder will ensure that correspondences from the Company are correctly addressed to the Policyholder at the latest updated address.Appendix 1: Guaranteed Surrender Value Factors Guaranteed Surrender Value Factors as percentage of Total Premiums Paid Note: This would only be payable once the policy has acquired a guaranteed surrender value.


More Definitions of Total Premiums Paid

Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.
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. Payout Period for Maturity Benefit shall be as follows: Premium Paying TermPayout Period10 yearsMaturity Benefit paid as a guaranteed income from 12th year to 21st year inarrears12 yearsMaturity Benefit paid as a guaranteed income from 14th year to 25th year inarrears 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 the total Premiums received by Us excluding any extra premium, the premiums paid towards the Riders, if any, and applicable tax and cess.
Total Premiums Paid means amount equal to the total Annualised Premiums paid during the Premium Paying Term of the Policy;
Total Premiums Paid means amount equal to the total Premiums paid excluding any Extra Premiums, any rider premiums and taxes, if any;