Monthly premium payment definition

Monthly premium payment means the agreed amount payable by you each month in order that cover remains in force under the terms and conditions of this policy wording.
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Examples of Monthly premium payment in a sentence

  • Grace Period of 15 days in case of Monthly premium payment option and 30 days for half yearly and Quarterly premium payment option shall be applicable.

  • Revival Period:For instalment (Half-yearly and Quarterly) premium policies, the revival period shall be 30 days and for Monthly premium payment mode the revival period shall be 15 days from the due date of next instalment.

  • Grace Period for this plan is 30 days for Annual premium payment frequency and 15 days for Monthly premium payment frequency.

  • Premium Payment ModeThe ManuSecure Series at a glance Entry Age(next birthday)Monthly, Quarterly, Semi-Annually or Annually PremiumPolicy Year Policy Year Policy Year4Key inforffiationon Policy Accounts and Crediting Rate5Feesand Charges Administration Charge • Monthly premium payment mode – RM6.00 per month.• Other premium payment modes – RM5.00 per month.• Deducted from the Basic Account Value at the beginning of every month.

  • Grace period is 15 days for Monthly premium payment mode and 30 days for all other premium payment modes.

  • If the insured dies during this period, the premium will be deducted from the death benefit payout.• Weekly premium payment modes – 7 day grace period• Monthly premium payment modes – 10 day grace period ReinstatementThe policy, unless surrendered for its cash value, may be reinstated at any time within three (3) years after the date of default because of premium non- payment.

  • We also offer a Monthly premium payment mode with salary deduction schemes or ECS.

  • Monthly premium payment mode• Duration 9 - lapses should be distributed equally throughout the year because the monthly premium is the same• Duration 10 - lapses should be heavily skewed towards the end of the policy year.

  • If the Insured is hospitalised at a room with higher Room and Board rate than his/her eligible benefit, the Insured shall pays the differences in Room and Board rate.Appendix: Annualised Premium Attained AgeFor plan without deductible: Monthly premium payment mode): * The premium rates for age 40 - 79 are for renewal only.

  • Monthly premium payment may only be made by credit card (Visa, MasterCard, or Discover Card accepted) or by checking account bank draft (electronic fund transfer, i.e., EFT).

Related to Monthly premium payment

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Interim Payment has the meaning specified in Section 10.1.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Scheduled Principal Payment Date means April 15, 2008.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Scheduled Principal Payment means the scheduled payment of principal due on the Mortgage Loan on a Monthly Payment Date.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium payment plan means a benefit plan whereby state and

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.