Policy issue date definition
Examples of Policy issue date in a sentence
The monthly policy charge is calculated as below: Monthly policy charge = (Policy charge percentage / 12) X annualised regular Premium at Policy issue date X [lower of (Policy year and selected premium payment term)] Please refer to the table below for the policy charge percentage.
While the Policy is in force, You may request to make a recurring or ad-hoc Top-up(s) to Your Policy immediately after the Policy issue date, subject to Our approval.
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.