Basic Premium definition

Basic Premium means the Premium payable periodically under the policy as shown in the Schedule.

Basic Premium means the premium, including a premium paid by virtue of a premium- waiver benefit, less charges (if any) deductible from the premium for rider-benefits;

Basic Premium means the Premium payable periodically under the policy.

Examples of Basic Premium in a sentence

• The Admitted Age is used to calculate the Basic Premium and Extra Mortality Premium.

• If the Correct Age of the life Insured is found to be lower than the Admitted Age, the Basic Premium and Extra Mortality Premium, if any will be recalculated as per the Correct Age from the Date of Commencement of Risk and the Company shall refund, without interest, the difference between the premiums paid by the policyholder on the basis of the Admitted Age and the premiums calculated as per the Correct Age.

• If the Correct Age of the Life Insured is found to be lower than the Admitted Age, the Basic Premium and Extra Mortality Premium, if any will be recalculated as per the Correct Age from the Date of Commencement of Risk and the Company shall refund, without interest, the difference between the premiums paid by the policyholder on the basis of the Admitted Age and the premiums calculated as per the Correct Age.

• Basic, Premium and Virtual BellSouth Metro Ethernet Service Connections of 100 Mbps and 1000 Mbps may alternatively be provided to a customer premises over a customer’s BellSouth Wavelength service Dedicated Ring Arrangement.The customer is required to purchase the appropriate BellSouth Wavelength service Dedicated Ring Arrangement Wavelength Channel for the specific type and speed of BellSouth Metro Ethernet Service Connection serving that customer premises.

• Automatic Protection Switching (APS) Feature1: Selected to provide automatic protection switching in conjunction with a Basic, Premium or Virtual BellSouth Metro Ethernet Connection of 10 Mbps or higher.

More Definitions of Basic Premium

Basic Premium means the Premium payable periodically under the policy as shown in the Schedule and does not include any extra.

Basic Premium means the premium for the basic plan and is shown in the Policy Schedule.

Basic Premium means aggregated amount of advanced deposit premium payable in one or several installments as stipulated in the Policy which is to be paid by the Insured in any case for the period of cover even if the amount of Premium calculated in accordance with Item 5.1, 5.7 is less than the amount of Basic Premium.

Basic Premium means that portion of the premium that is based

Basic Premium means a percentage of the "standard premium" and is determined by multiplying the "standard premium" by the "basic premium" factor.

Basic Premium means the annual premium for the basic plan and is shown in the Policy Schedule. Basic Sum Insured means the sum insured for the basic plan and is shown in the Policy Schedule of this Policy or any subsequent endorsement issued by Us. Business Day means a day on which the Company’s Office is open for normal business in Malaysia. Cancer means Early Stage Cancer or Advanced Stage Cancer as defined under the Benefit Provision. Company’s Office means the Company’s Service Department located in its main office, or as determined by the Company from time to time.

Basic Premium means the premium of the Basic Policy you pay regularly while the Policy is in force, which generally depends on the Face Amount selected, the insured’s Issue Age, gender and class of risk, which is subject to premium charge and other applicable fees and charges. However, starting from the 8th Policy Year, if you have ever reduced the Face Amount of the Basic Policy, the Basic Premium is no longer directly dependent on the reduced current Face Amount, and where you choose a new preferred Basic Premium based on a Face Amount in an amount ranging from the reduced current Face Amount up to the Face Amount at inception of the Basic Policy, the Basic Premium will refer to this new preferred Basic Premium.