Underwriting Extra Premium definition

Underwriting Extra Premium means an additional amount mentioned in the Schedule and charged by Us, as per 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;
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Underwriting 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 and as mentioned in the Schedule;
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Examples of Underwriting Extra Premium in a sentence

  • Guaranteed Surrender Value is defined as:A*(Total Premiums Paid excluding Underwriting Extra Premium, (if any)) + B*(Accrued Simple Reversionary Bonuses, If any) Where A and B are as provided in the table below.

  • The study further examined the effects of novel ecosystems on bird diversity and led to an article in Die Burger.

  • For Premium Back Benefit Option, the sum of additional Annualised Premium and Underwriting Extra Premium, if any, charged due to Life Stage Event will also be returned back on the Life Insured surviving throughout the Policy Term in addition to base Premium.

  • Under the Premium Back Benefit Option, if the Life Insured has survived until the Maturity Date, 100% of the Sum of Total Premiums Paid and Underwriting Extra Premium, if any (corresponding to base Sum Assured and Life Stage Event Sum Assured) will be paid at end of Policy Term.

  • Early Exit Value payable is equal to: A x Total Premiums Paid (excluding Underwriting Extra Premium, if any) x [Unexpired Term/Coverage Term] x [{Sum Assured (as per the defined schedule specified in the COI), at time t} / Initial Sum Assured]; Where, t = time of termination of the Insurance Coverage; Factor “A” varies by number of complete years for which Premiums have been paid and is detailed in Annexure 7.

  • Death benefit being the higher of (i) Sum Assured on Death or (ii) 105% of (Total Premiums Paid plus Underwriting Extra Premium plus loadings for modal premiums) as on the date of death of Life Insured; plusii.

  • In such case, provided that at least one full year's Premiums have been paid and the Policy has not revived, an amount equal to a percentage (as defined below) of total Premiums Paid, excluding Underwriting Extra Premium, if any shall be payable on death of Life Assured or on request for termination of the Policy by the Policyholder or on the expiry of the Revival period, whichever is earliest.

  • Under the Life Stage Event benefit option, the Life Stage Event Sum Assured shall also get reduced as per the below formula:Reduced Paid-Up Life Stage Event Sum Assured = ((Total Premium Paid for Life Stage Event Sum Assured till the date on which Policy comes under Reduced Paid-Up Mode) / (total Premiums payable for Life Stage Event Sum Assured (excluding Underwriting Extra Premium, loadings for modal premiums and Rider Premium, if any)) * Life Stage Event Sum Assured.

  • Hence, if the Life Insured commits suicide within 12 months, whether minor/major, whether sane or insane, from the date of increase in Sum Assured benefit due to Life Stage Benefit Option, the Claimant will receive the Sum Assured under the base Policy (subject to the Clause above) plus return of sum of additional Annualized Premium, loading for modal premium and Underwriting Extra Premium, that was received to increase the Sum Assured under Life Stage Event Benefit Option.

  • Regular Premium Payment Variant: No surrender benefit is applicable or payable.1.4 The Exit Value shall be determined basis the formula given below: 70% x (Sum of Total Premium Paid, Underwriting Extra Premium and loadings for modal premiums, if any) x (unexpired Rider Term/ Rider Term).2.

Related to Underwriting Extra Premium

  • 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.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Draw Down Pricing Period means a period of twenty-two (22) consecutive Trading Days beginning on the date specified in the Draw Down Notice (as defined in Section 5.1(f) herein); provided, however, the Draw Down Pricing Period shall not begin before the day on which receipt of such notice is confirmed by the Purchaser.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • 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.

  • Delay Delivery Mortgage Loans The Mortgage Loans for which all or a portion of a related Mortgage File is not delivered to the Trustee or to the Custodian on its behalf on the Closing Date. The number of Delay Delivery Mortgage Loans shall not exceed 25% of the aggregate number of Mortgage Loans as of the Closing Date.

  • Preliminary Principal Loss Amount means, for a Payment Date, an amount equal to the Principal Loss Amount computed without giving effect to clause (d) of the definition of Principal Loss Amount.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • 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.

  • Property tax increment means the amount obtained by:

  • Investment End Date : means 11 November 2022, or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • Trailing Stop in CFD trading shall mean a stop-loss order set at a percentage level below the market price - for a long position. The trailing stop price is adjusted as the price fluctuates. A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount, but if the pair price falls, the stop loss price doesn't change, and a market order is submitted when the stop price is hit.

  • Closing Transaction Expenses means the Transaction Expenses as set forth on the Closing Statement.

  • Developed exclusively at private expense means development was accomplished entirely with costs charged to indirect cost pools, costs not allocated to a government contract, or any combination thereof.

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Single-family dwelling unit means a structure that is usually occupied by just one household or family and for the purposes of this Policy is expected to generate an average of 250 gallons per day of wastewater.

  • Post-Closing Tax Period means any taxable period beginning after the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date.

  • 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.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).