Schedule No. (3)
Effective from 22/9/2016Short 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 |