Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.
Extra Premium means the amount of additional premium collected as part of the Regular Premium/Single Premium, which is decided based on the prevailing Board approved underwriting norms of the Company, and was communicated to the Policyholder in the counter-offer made to him and to which he consented.
Extra Premium means a charge, due to underwriting decision, for any additional risk not provided for, in minimum contract premium.
Examples of Extra Premium in a sentence
Policy Year of surrender Percentage (%) of [total Premiums less Extra Premium (if any)] received (subject to the condition that Premiums for the first 2 (Two) Policy Years or first 3 (Three) Policy Years, as the case may be, having been received and applied by Us, in accordance with the Section 8.1) 1 Nil 4-7 50% 8 onwards Minimum of [ { 50% + ( (40% X (N-7)) / (Policy Term - 8) ) } or 90% ] Wherein N is the Policy Year of Surrender For example: A customer of Age 50 (Fifty) years bought this Policy.
More Definitions of Extra Premium
Extra Premium means an additional amount charged by Us, as per Our board approved underwriting policy, which is determined on the basis of disclosures made by You in the Proposal Form or on the basis of any other information received by Us including through medical examinations of the Life Insured in relation to this Policy;
Extra Premium means a charge for any risk not provided for in the minimum contract premium.
Extra Premium means an additional amount mentioned in the Schedule and charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You including medical examination, if any, of the Member;
Extra Premium means additional premium charged with the Policyholder’s consent for acceptance of proposal for insurance on the basis of underwriting done by the Company based on its prevailing Board approved underwriting norms.
Extra Premium means an additional premium charged by Us, as per Our board approved underwriting policy, which is determined on the basis of disclosures made by You in the Proposal Form or on the basis of any other information received by Us including through medical tests;
Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy (if any), which is determined on the basis of disclosures made by You in the Proposal Form or any otherinformation received by Us including medical examination report of the Annuitant;
Extra Premium means an additional amount charged by Us, as per