Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.
Single Premium means the amount payable by the Policyholder at the Policy Commencement Date, as per the amount specified in the Schedule.
Single Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder only once at the Policy Commencement Date.
Examples of Single Premium in a sentence
If so returned, we will promptly pay you the Accumulation Value, adjusted for any Market Value Adjustment, which may be more or less than the Single Premium paid.
If you have misstated the age or sex of such person, we will adjust future benefit payments to reflect those that the Single Premium would have purchased at the correct age or sex.
We allocate to a separate account the Single Premium you make to put this Contract into effect.
The Initial Guarantee Period to which the Single Premium is applied is shown on the first page of this Contract.
You must pay the Single Premium in order to make this Contract effective.
More Definitions of Single Premium
Single Premium means the premium amount specified in the Schedule and paid to Us in a single instalment as specified in the Schedule excluding applicable taxes, cesses and levies;
Single Premium means the Premium amount specified in the Certificate of Insurance which is payable in Lump Sum in respect of the Insured Member under this Group Policy.
Single Premium means the premium amount payable as a lump sum at the start of the policy, excluding the taxes, rider premiums and underwriting extra premiums, if any.
Single Premium means the payment of the scheduled premiums in one lump sum pursuant to Clause B.1(a) and is specified as Single Payment in Policy Schedule 1;
Single Premium means the amount paid by you at inception under the Policy. This is also equal to Purchase Price.
Single Premium means the amount of initial premium contribution made for the Basic Policy, which is shown on the Policy Information Page.