Schedule No. (3)
IA-BOD-RES 25/2016Short Rate Schedule – Percentages of Recoverable Premium
| Policy Validity Period | Recoverable Premium |
| A period not exceeding one month | 80% |
| A period exceeding one month to the end of the fourth month | 70% |
| A period exceeding four months to the end of the sixth month | 50% |
| A period exceeding six months to the end of the eighth month | 30% |
| A period exceeding eight months | Nil |