Maturity Benefit definition
Maturity Benefit means the amount of benefit which is payable on maturity i.e. at the end of the Policy term, as stated at the inception of the Policy contract and specified in the Policy Schedule
Maturity Benefit means the benefits which become payable on or after the Maturity Date in accordance with Part C of this Policy. Part C will specify whether a Maturity Benefit is payable under this Policy.
Maturity Benefit means the benefit which is payable on the maturity i.e. at the end of the term as specified in the Policy Schedule.
Examples of Maturity Benefit in a sentence
This Policy provides coverage for the duration of the Policy Term selected, at which point the Policy terminates and the Maturity Benefit is payable to the Policy Owner.
Upon surrender the Policy automatically terminates and no Death Benefit or Maturity Benefit is payable.
At Policy Maturity once the Life Insured is still alive, the payable Maturity Benefit will be the Coverage Amount as stated in the Schedule of Policy Information less any outstanding premiums.
More Definitions of Maturity Benefit
Maturity Benefit means Sum Assured on Maturity, any additional and accrued benefit, which is payable on maturity in accordance with the terms and conditions of the Policy.
Maturity Benefit means the benefit which is payable on maturity as stated in this policy document.
Maturity Benefit means benefit payable on the Maturity Date and/or the Add-on Maturity Date, if the Life Assured survives till then without taking entire claim in the Policy and/or Add-on Cover. Please refer to Section 4) vii) below for more details. .
Maturity Benefit means the amount of benefit which is payable on survival till maturity i.e. on the Cover Cessation Date, as specified in the Policy certificate.
Maturity Benefit means the benefit payable at the end of Policy Term in an in force policy and is as mentioned in Policy document.
Maturity Benefit means the benefit, which is payable on maturity as stated in the Policy document.
Maturity Benefit means a Guaranteed Benefit payable on the Maturity Date and calculated as either the Contract Maturity Benefit or the Death Benefit, as applicable. See Section 13 of the Contract for additional information;