Sum Assured on Maturity definition
Sum Assured on Maturity means an absolute amount of Benefit which is guaranteed to become payable at the end of the Policy Term i.e. on maturity of the Policy in accordance with the terms and conditions of the Policy.
Sum Assured on Maturity means the amount which is guaranteed to become payable on maturity of the policy, in accordance with the terms and conditions of the policy.
Sum Assured on Maturity means an absolute amount of benefit which is guaranteed to become payable on maturity of the policy.
More Definitions of Sum Assured on Maturity
Sum Assured on Maturity means the guaranteed amount as specified in the Schedule calculated as per Clause 1.3 of Part C, payable on the Maturity Date, if the Life Insured is alive on the Maturity Date and all due Premiums have been received by Us;
Sum Assured on Maturity means the amount as specified in the Schedule.
Sum Assured on Maturity means the absolute amount of benefit guaranteed to be paid on the Maturity Date, which is equal to the Basic Sum Assured
Sum Assured on Maturity means the amount calculated in accordance with Clause 3.2.1 which is payable on the Maturity Date if the Life Assured is alive
Sum Assured on Maturity means the amount payable on maturity of the Policy as specified in the Schedule, in accordance with Section 3.2.2 of Part C and is defined as percentage of the Annualised Premium. The Sum Assured on Maturity may vary depending on the Age, Premium Payment Term and the Policy Term.
Sum Assured on Maturity means the absolute amount of benefit which is guaranteed to become payable at the end of Policy Term as specified in the Schedule calculated as per Clause 1.3 of Part C;
Sum Assured on Maturity under the Savings plan means an absolute amount of benefit which is guaranteed to become payable on maturity of the policy.