Annual Premium definition

Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;
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Annual Premium means the premium set by Us and payable for cover under this policy for a full academic year.
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Annual Premium means an amount specified in the Schedule, which is payable under annual Premium payment mode, excluding Extra Premium, if any and excluding applicable taxes, cesses and levies, if any;
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Examples of Annual Premium in a sentence

  • In consideration of all the provisions of this policy, the Annual Premium under all policies of the Named Insured with the Underwriter shall be determined in accordance with the Rating & Premium Plan.

  • Policy run period % of Annual Premium Refundable Up to one month 75% of annual rate Up to three months 50%of annual rate Up to six months 25% of annual rate Exceeding six months Nil The SBIGIC shall not be bound to accept any renewal premium nor to give notice that such is due.

  • OPM charges a flat fee of $14,400 per year for the development and submission of an Annual Premium Index File which is used to calculate affordability when a consumer is found to be in the monthly enrollment file.

  • In the event that the premium is calculated as an Annual Premium payable weekly, the premium Paid will apply to every week the employee is employed by the employer which will include the period the employee is on annual leave or sick leave.

  • Premium Payment Mode: Yearly/Half Yearly/Quarterly/Monthly Date of Last Instalment of Premium: Premium Rates: Benefit Description Annual Premium Per Thousand Sum Assured (INR) Base Plan Riders The Premium rate above excludes Goods and Services Tax.


More Definitions of Annual Premium

Annual Premium means the amount of Regular Premium payable by the Policyholder in a Policy Year.
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Annual Premium means the premium amount which is specified as "Annual
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Annual Premium means one full year’s Premium (including loadings and excluding taxes)
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Annual Premium means an amount payable annually in respect of the Members to secure the benefits under the Policy;
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Annual Premium means the Premium amount specified in the Schedule, excluding Extra Premium, if any and excluding applicable taxes cesses and levies, if any;
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Annual Premium means the amount of Regular Premium payable by the Policyholder in a Policy Year. The Annual Premium will be based on the prevailing Regular Premium under the Policy.
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Annual Premium means for any Underwriting Year as respects any calendar period Net Earned Premium during such calendar period in respect of Covered Business written during such Underwriting Period or, at AUL’s option as respects any underwriting transaction that does not generate Earned Premium or for which Earned Premium over a period of twelve months is not a reasonable proxy for cash collected (such as, without limitation, a loss portfolio transfer or an adverse development cover), cash collected on such transaction net of cash retroceded under the ARL Retrocession.
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