Posts Tagged ‘MINIMUM AND DEPOSIT PREMIUM (M&DP)’

MINIMUM AND DEPOSIT PREMIUM (M&DP)

The premium shown on the Policy Schedule is the minimum and deposit premium for this policy for the full policy term. On the expiry of each period of insurance the premium shall be calculated at the rate quoted on the total sum insured or the total of the values declared or deemed to have been declared. If the final premium is ... Full story
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