Sentences with phrase «semi-annual mode of premium payment»
Discount is allowed in premium for choosing annual or semi-annual mode of premium payment @ 3 % and 1.5 % respectively.
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Rebates are allowed in the premium rates for higher levels of Sum Assured options and also for choosing annual and semi-annual mode of premium payment.
Not exact matches
Additionally, the policy owner has the right to change the mode of premium payment, i.e. annual, semi-annual, quarterly or monthly bank draft as well as the payout method, i.s. lump sum, lifetime annuity or period certain annuity.
Grace period: Offers a grace period of 30 days in case you miss the due date to make the premium payment in case of yearly, semi-annual and quarterly mode.