Common use of Crediting Rate Clause in Contracts

Crediting Rate. For the initial single premium and any Top-up(s) made, the crediting rate will be determined by Us based on the prevailing rate, subject to the minimum guaranteed crediting rate of 1.00% p.a. for the first 1 year from the initial Policy commencement date; and 0% p.a. for the subsequent years which ensures that Your capital is fully guaranteed each year. You may refer to the Policy Illustration for the prevailing crediting rates from the initial Policy commencement date. Interest is calculated based on the daily Account value and credited into the Account value at the end of each calendar month. We reserve the right to revise the crediting rate from time to time. Any revision in crediting rates will take effect on the 1st business day of each calendar month.

Crediting Rate. For the initial single premium and any Top-up(s) made, the crediting rate will be determined by Us based on the prevailing rate, subject to the minimum guaranteed crediting rate of 1.00% p.a. for the first 1 year from the initial Policy commencement date; and 0% p.a. for the subsequent years which ensures that Your capital is fully guaranteed each year. You may refer to the Policy Illustration for the prevailing crediting rates from the initial Policy commencement date. Interest is calculated based on the daily Account value and credited into the Account value at the end of each calendar month. We reserve the right to revise the crediting rate from time to time. Any revision in crediting rates will take effect on the 1st business day of each calendar month.