Total Premiums Payable definition
Total Premiums Payable means the total of all Premiums payable during Premium Payment Term, excluding any extra premium, frequency loadings on premium, if any, the premiums paid towards the Riders, if any, and applicable tax and cess.
Total Premiums Payable means total of all the premiums payable under the Policy, excluding any extra premium, any rider premium and taxes. Any extra premium on account of Accelerated Critical Illness (ACI) Benefit, if any, is also excluded.
Total Premiums Payable means the total of all Premiums payable during Premium Payment Term, excluding any extra premium (payable as outcome of underwriting process), frequency loadings on premium (if premium is payable monthly, quarterly or annually), the premiums paid towards the Riders, if any, and also excluding any applicable tax and cess.
Examples of Total Premiums Payable in a sentence
Guaranteed Maturity Benefit is defined as a % of Total Premiums Payable over the Premium Payment Term, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.