Examples of Date of Maturity in a sentence
Policy Term means the period commencing on the Policy Date and ending on the Date of Maturity as mentioned in the Policy Schedule.
No Maturity Benefit shall be payable on the Life Assured surviving the stipulated Date of Maturity.
Upon maturity, the Units outstanding will be automatically redeemed at the NAV of the Date of Maturity and proceeds will be paid to the Unitholder, without any further reference from the Unitholder.
However, in case of the Units on which any lien or encumbrance is marked and such lien or encumbrance is subsisting on the Date of Maturity, the Unitholder will be required to procure a release of their lien / encumbrance pending which, the maturity proceeds will not be paid.
The Guaranteed Investment's yield and interest payable will only be calculated on the Date of Maturity.