Premium Paying Term definition

Premium Paying Term means the period as stated in the Policy Schedule, in years, over which Premiums are payable;

Premium Paying Term means the period specified in the Schedule during which the Regular Premium is payable.

Premium Paying Term means the period specified in the Schedule during which the Instalment Premiums are payable.

Examples of Premium Paying Term in a sentence

• In order to secure the full benefits available under this Policy, Instalment Premiums must be paid in full and on time for the Premium Paying Term.

• If the Life Assured is alive and this Policy is a Reduced Paid-up Policy on the Maturity Date, the Maturity Benefit payable will reduce in proportion to the number of Instalment Premiums received to the total number of Instalment Premiums payable for the Premium Paying Term.

• If the Life Assured dies after this Policy has been converted to a Reduced Paid-up Policy and before this Policy has been revived in accordance with Part D of this Policy, the Death Benefit payable will reduce in proportion to the number of Instalment Premiums received to the total number of Instalment Premiums payable for the Premium Paying Term.

• You shall pay Premium on the due dates for the Premium Paying Term under the Policy.

• Regular Premium, including applicable taxes, is payable in full on the premium due dates specified in the Schedule or within the Grace Period allowed, during the Premium Paying Term.

More Definitions of Premium Paying Term

Premium Paying Term means the period, in years, during which premium is payable.

Premium Paying Term means the period, as specified in Schedule during which the Premium is payable by the Policyholder to the Company.

Premium Paying Term means the period in years as specified in the Schedule during which the Instalment Premiums are payable.

Premium Paying Term means the period, in years, during which premiums are payable.

Premium Paying Term means the period specified in the Schedule during which the Single/Limited Premium/Regular Premium is payable.

Premium Paying Term means the period specified in the Schedule during

Premium Paying Term means the timeframe when premiums are paid, a timeframe which is defined in the Proposal Form. The implied period cannot be longer than the insurance duration.