Guaranteed Maturity Value definition
Guaranteed Maturity Value means the amount we will pay on the Maturity Date and is stated in the policy schedule, if applicable;
Guaranteed Maturity Value. – means the fund value available at the maturity date if you are still alive at the maturity date. You can use this to transfer to another registered pension scheme, buy an annuity, invest in another Protected Retirement Plan, or take a taxable cash lump sum.
Guaranteed Maturity Value means the value as shown in the Schedule which shall be the minimum Maturity Value payable at Maturity Date provided all due Regular Premium has been paid under the Policy.
More Definitions of Guaranteed Maturity Value
Guaranteed Maturity Value means Rs 10,000 for each maturing Guaranteed Maturity Certificate and is applicable at the Maturity Date only.