Premium Calculation Sample Clauses

Premium Calculation. Premium will be calculated based on the Sum Insured opted, Age, gender, risk classification and Zone of Cover. Default Zone of Cover will be based on Your City-Location based on Your correspondence address. All Premiums are age based and will vary each year as per the change in age group. (a) Persons paying Zone I premium can avail treatment all over India without any Co-pay. (b) Persons paying Zone II premium i) Can avail treatment in Zone II and Zone III without any Co-pay.

Premium Calculation. The Reinsurance Premium (other than the Optional Termination Event Premium) shall be computed on the basis of the actual number of days elapsed in the applicable Premium Payment Period and a 360-day year.

Premium Calculation. The monthly premium shall be calculated by multiplying the number of Enrollees in each premium class by the rates then in effect. A full Contract Month's premium shall be charged for Enrollees whose Enrollment Date falls on or before the 15th of that Contract Month. No premium shall be charged for Enrollees whose Enrollment Date falls after the 15th of that Contract Month.

Premium Calculation. Premium will be calculated based on the Plan, Daily Cash Benefit, Age, Policy Tenure, Optional Covers and Maximum Coverage Limit selected.

Premium Calculation. The method of calculation of premium shall consider the following risk factors: the type of housing, the sum insured, the year and location of the construction, and level of prevention and safety.

Premium Calculation. The Premium charged on the Policy will depend on the Sum Insured, Policy Tenure, Age, Zone, Policy Type, Optional Covers and Add On Benefits opted. Additionally the health status of the individual will also be considered.

Premium Calculation. (a) The Closing shall be as of 12:01 a.m. on December 1, 2001 (except as otherwise expressly provided herein with respect to certain Assets and Liabilities). (b) The Schedules to the Disclosure Letter which were otherwise required under Article V of the Purchase Agreement to be updated as of the Close of Business on the tenth (10th ) Business Day prior to the Closing Date and delivered to Buyer at Closing shall instead be updated as of the Close of Business on November 15, 2001. No later than December 21, 2001, Seller shall (i) provide Buyer with a final Schedule F and Schedules 3.4, 3.8, 3.9, 3.10.1 through 3.10.14, 3.11, 3.12, 3.13, 3.14, 3.21 and 3.25 that shall be true and accurate as of the Close of Business on November 30, 2001 and (ii) prepare and deliver to Buyer the Final Settlement Statement. The Review Period during which Buyer may dispute all or any portion of the Final Settlement Statement or Final Schedules shall terminate on the Close of Business on the tenth (10th ) Business Day following Seller's delivery of the Final Settlement Statement. (c) Solely for purposes of determining the Cash Payment payable by Seller to Buyer at the Closing and not with respect to determining the Final Payment Amount, (i) the Amount of the Premium shall equal sixteen percent (16%) of the average daily Assumed Deposits for the period commencing as of August 1, 2001 and ending as of the Close of Business on November 15, 2001, (ii) deposits that are, as of the Close of Business on November 15, 2001, the subject of a pending writ of attachment or IRS levy, or other individual legal action involving a claim against the balance shall be included among the Assumed Deposits used in calculating the Amount of the Premium, (iii) compensating balance information used to calculate the Amount of the Premium shall be as of the Close of Business on the last day of August, 2001, September, 2001 and October, 2001 and (iv) the Amount of the Premium shall otherwise be determined in accordance with the terms and conditions of the Purchase Agreement, including, without limitation, Section 2.3(v) thereof, using, where necessary, the information contained in the Schedules to the Disclosure Letter updated as of the Close of Business on November 15, 2001. (d) For purposes of determining the Final Payment Amount, (i) the Amount of the Premium shall be calculated based on the lesser of (x) sixteen percent (16%) of the average daily Assumed Deposits for the period commencing August 1, 2001...

Premium Calculation. The Premium charged on the Policy will depend on the Plan, Sum Insured, Policy Tenure, Age, and Gender, Additionally the health status of the individual will also be considered. The premium should always be paid in advance for a full Policy Year. However for your convenience, we may allow you other modes of payment of premium. Premium can be paid on Single, Yearly, Half yearly, Quarterly and Monthly basis. Premium payment mode can only be selected at the inception of the Policy or at the renewal of the Policy. In case of premium payment modes other than Single and Yearly, a loading will be applied on the premium. Loading grid applicable for Half yearly, Quarterly and Monthly payment mode. Monthly 5.50 Quarterly 3.50 Half yearly 2.50 If we receive any amount in excess of the required premium, we will refund the excess without paying any interest on the excess amount. If we receive any amount lesser than the required premium, the same shall not be adjusted towards the premium and no interest shall be paid on the amount. You will not be entitled to any benefits or claims under the policy unless you pay the full premiums in time. The premium payment mode can be changed only on a policy anniversary by sending a request at least one month in advance. Change in premium payment mode is subject to: 1. Payment of premium and loading, if any. 2. Minimum premium requirement for the requested premium payment mode, if any. 3. Availability of the requested premium payment mode on the day of implementation of request. Premium rates/ tables applicable for the changed premium payment mode will be the same as the premium rates/ tables applicable on the date of commencement of policy.