Sentences with phrase «gross premiums»
In case of death of the life insured, the higher of 105 % of gross premiums paid (including top - up premiums), gross premiums paid (including top - up premiums) compounded at 1 % p.a, or Balance in Individual Pension Account (IPA) plus prorated interest from last policy anniversary is payable.
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Scenario A: Shivam Survives till Vesting At vesting, the higher of Gross premiums including top - up premiums compounded at 1 % p.a. or Balance in the IPA is payable.
Death benefit amount: Higher of 105 % of premiums paid, Gross premiums compounded at 1 % p.a. and balance in the IPA + Interest
Under this plan, you could get 5 % p.a. interest assure to your gross premiums and Individual Pension Account (IPA) for the first five years.
«(II) any deduction under section 832 (b)(4)(A) from the amount of gross premiums written on insurance contracts during the taxable year for premiums paid for reinsurance, and
The regulator takes into account the ultimate claim costs for each accident year and gross premiums.
d. Level death benefit with cumulative gross premiums: The amount received is increased as the amount of the gross deposit added to the policy increases.
During 2003, private passenger automobile insurance and commercial automobile insurance accounted for 87.4 % and 4.0 %, respectively, of the Company's total gross premiums written.
Over the next 60 years, the company continued to expand and develop, exceeding $ 1 billion in gross premiums written in 1985.
Premium Tax A state or local tax on gross premiums, which is collected from an insurance company as a percentage of premiums paid.
Any insurance company whose annual direct gross premiums license tax liability is expected to exceed $ 3,000 (after tax credits), is required to make estimated tax payments.
In 2013, gross premiums increased by 2.0 % — seemingly modest, but this is the highest premium growth since 2006.
The gross premiums are fixed, while the net premiums can sometimes be reduced / offset by dividends.
Ghana Oil and Gas Insurance Pool, (GOGIP) says it is looking at collecting gross premiums of $ 50 million through petroleum...
Dividends on a life insurance policy are generally treated as a return of investment and are not treated as taxable income to the policyowner unless they exceed the amount of the aggregate gross premiums paid on the policy.
The contract note for an opening transaction lists a number of components: • contract number • option symbol • strike price • option type • number of contracts • price ($) per share • trade date • expiry date • clearing house fee • brokerage (commission) • gross premium value ($) • GST • nett premium value ($) • initial margin
From 2006 to 2015 the average annual gross premium collected was 24.1 % for PUT and 39.3 % for WPUT (WPUT uses weeklys, and PUT uses monthlies).
On the individual life insurance side, Voya currently has more than $ 2 billion in gross premium via its term, universal, and variable life insurance products.
In March, gross premium of general insurers had touched Rs 14,356.33 crore.
Exclusion Ratio The exclusion ratio is the ratio of the total investment in the contract (normally the gross premium cost) to the total expected return under the contract.
India's non-life insurance firms collected gross premium of Rs 17,530.64 crore in September this year, up 13.6 per cent from the same month last year, according to the Irdai data.
• Expenses: A life insurance policy's gross premium is calculated as net premium + loading.
It was the first general insurance company in India to reach a gross premium of Rs. 16050 crores.
The transaction has been valued at 1.1 times of the gross premium that is 3.9 times of L&T General Insurance Co.'s book value.
In percentage terms of policies underwritten and percentage of total gross premium income by general insurers under rural obligation
The growth rate of the company stood at 14.58 percent, which in the last year was reported to be 10.12 percent, with a growth of Rs. 12, 250 Crore in its gross premium.
He informed that 40 % of the gross premium is received from auto sector.
General insurance industry grew by 19.34 per cent in the 11 months of 2012 - 13 fiscal led by SBI General which recorded over three-fold growth in gross premium as compared to last fiscal.
The total gross premium of 23 players in the non-life insurance market rose by 20 per cent to Rs 5,252.24 crore in the first month of the current fiscal, from Rs 4,381.49 crore in April 2010, as per the Insurance Regulatory and Development Authority (IRDA) data.
NIA's gross premium was up 17 per cent at Rs 6,132 crore from Rs 5,263 crore a year ago.
gross premium.
Gross premium of New India Assurance in India has increased from Rs. 13209 Cr.
The individual agents grossed premium revenue worth Rs 9,200 crore in 2012 - 13, whilst the company brokers generated Rs 4,700 crore in premium.
The data given by the insurance watchdog reveals an increment of 13.66 % to Rs 63,766 crore during April - January in the gross premium of the state - run and private players of the non life insurance market.
The government owned general insurers have recorded a growth of 10 percent in gross premium during 2013 - 14 and projected a growth of 100 percent in the next five years.
The gross premium collection was Rs. 7283 crores in FY 2013 - 14.
The gross premium would be reduced by the amount allocated for or savings or investment on policyholders» behalf.
The premium rate for joint life will be arrived at by allowing rebate on the total of the gross premium # applicable to the individual lives.
According to IRDA (Insurance Regulatory and Development Authority), there is a gross premium collection growth of 24.59 % year - on - year to Rs 4,106.23 crore by the four public insurers namely - National Insurance Company, Oriental Insurance, New India Assurance and United India Insurance in January.
An additional rebate of 5 % of gross premium will be available for policies taken through the web.
The gross premium collection rose by over 13 per cent to Rs 1,303 crore during the year as compared to Rs 1,151 crore in the preceding fiscal year.
For other policies, the service tax on the gross premium for the first year has been hiked from 1.5 % to 3 %, while subsequent premiums will be taxed at 1.5 %.
The net annual premium (gross premium charged on a non-reissue basis taking projected dividends into consideration).
On the basis of this, a gross premium is calculated.
The life insurance company — Bajaj Allianz Life Insurance Company — posted a 24 per cent rise in gross premium at Rs 2,477 crore.
The four PSU entities - National Insurance, New India Assurance, Oriental Insurance and United India Insurance - saw their gross premium collection rise by 24.59 per cent year - on - year to Rs 4,106.23 crore in January, according to IRDA data.
The four PSU entities - National Insurance, New India Assurance, Oriental Insurance and United India Insurance - saw their gross premium collection rise by 2.6 % year - on - year to Rs 3,394.83 crore in February.
The non-life insurers of the country had underwritten a gross premium of Rs 9,013.43 crore in August 2016 - 17.
Besides, there are six standalone private sector health insurance firms in the country whose gross premium during the month went up 38.3 % to Rs 550.37 crore, from Rs 398.05 crore.
So far, the company it has already garnered a gross premium of about Rs 302 crore (between April - December 2009), against Rs 155 crore for the full financial year 2008 - 09.