Change in Regular Premium. An increase in regular Premium is not allowed. While the Policy is in force, You may request for a decrease in regular Premium after 3 years of Premiums have been paid to Us i.e. 36 monthly, 12 quarterly, 6 half-yearly or 3 annual Premiums, subject to the following: • the minimum regular Premium requirement set by Us; and • the decrease in regular Premium must not be more than 25% of the original regular Premium amount chosen at the Policy issue date. Start-up Bonus recovery charge will apply when You decrease Your Policy’s regular Premium. Please refer to the Fees and Charges section for the Start-up Bonus recovery charge. The change in regular Premium shall take effect from the next premium due date.
Appears in 2 contracts
Sources: Policy Contract, Policy Contract