"Monthly anniversary" refers to a recurring celebration that occurs on the same day each month, marking the passing of another month since a particular event or milestone. Full definition
This charge is deducted at the beginning of every policy monthly anniversary by cancelling appropriate units. (comparepolicy.com)
In case of death of the life assured Rs 10,000 will be paid monthly for a term of 10 years, starting from the next policy monthly anniversary after death and claim acceptance. (comparepolicy.com)
Monthly Anniversary Adjustable life, indexed life, universal and variable universal life insurance policies account for expenses and credits on a monthly basis. (termland.com)