Payment of Premium. The Insured shall pay all amounts due to the Insurer in respect of Premium as provided in the Policy Schedule or in an endorsement which specifies the method and basis of premium calculation. The Premium will be payable in the number of instalments and the amounts specified, each instalment being payable to the Insurer on or before the dates stated. All Premiums are payable in the Policy Currency. The Insurer shall not be liable for Loss until and unless Premiums due are paid. In the event of a Loss, all premium would be due to Insurers.
Appears in 5 contracts
Samples: www.nexusunderwriting.com, www.nexusunderwriting.com, www.nexusunderwriting.com
Payment of Premium. The Insured shall pay all amounts due to the Insurer in respect of Premium as provided in the Policy Schedule or in an endorsement which specifies the method and basis of premium calculation. The Premium will be payable in the number of instalments and the amounts specified, each instalment being payable to the Insurer on or before the dates stated. All Premiums are payable in the Policy Currency. The Insurer shall not be liable for Loss until and unless Premiums due are paid. In the event of a Loss, all premium would be due to Insurers.
Appears in 5 contracts
Samples: policyholder.gov.in, irda.gov.in, www.nexusunderwriting.com
