Schedule No. (4)
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 and not exceeding four months | 70% |
A period exceeding four months and not exceeding six months | 50% |
A period exceeding six months and not exceeding ten months | 30% |
A period exceeding ten months | Nil |