Sum Assured on Maturity definition

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.
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Sum Assured on Maturity means the absolute amount of benefit which is guaranteed to be payable on maturity of the Policy;
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Sum Assured on Maturity means an absolute amount of benefit which is guaranteed to become payable on maturity of the policy.
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Examples of Sum Assured on Maturity in a sentence

  • The simple reversionary bonus rate is expressed as a percentage of the Sum Assured on Maturity as declared from time to time.

  • Where, Minimum Guaranteed Sum Assured on Maturity shall be the Basic Sum Assured.

  • Guaranteed Sum Assured on Maturity which is zero under this product *Annualized Premium does not include modal factors and underwriting extraThe Death Benefit shall become payable on/from the date of intimation of death, subject to acceptance of the claim by the Company.We shall pay the Death Benefit as per the Death Benefit Payout Option stated on your Policy Schedule upon Death of the Life Insured provided the Policy is in force as on the date of death of Life Insured.

  • The non guaranteed Cash Bonus is declared as a percentage of the Sum Assured on Maturity of Your Policy.

  • Once the policy becomes paid up the Sum Assured on Maturity will be reduced to paid up value on Maturity which will be paid on Maturity of the policy.


More Definitions of Sum Assured on Maturity

Sum Assured on Maturity means the amount as specified in the Schedule.
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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;
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Sum Assured on Maturity means the amount as mentioned in the Schedule as Sum Assured on maturity, which is the absolute amount of benefit guaranteed to be payable on maturity of the policy.
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Sum Assured on Maturity means the absolute amount of benefit which is guaranteed to be payable on maturity of the Policy as per the terms and conditions specified in the Policy;
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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
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Sum Assured on Maturity. Means the amount mentioned in the Schedule. This is the amount guaranteed on Maturity where all the due Premiums have been paid in full.
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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
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