Tuesday, July 10, 2012

Short Term Rate


SHORT TERM RATES




The following is the same of short term rates which will be applied in the event
of Policy being issued for less than one year or Policy condition number XXI
Termination of the Insurance part 2 being applicable.








PERIOD
PERCENTAGE OF ANNUAL PREMIUM




3days   5%
10 days   10%
1 month   20%
1.5 months   25%
2 months   30%
3 months   40%
4 months   50%
5 months   60%
6 months   70%
7 months   75%
8 months   80%
9 months   85%
10 months   90%
11 months   95%

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