Guaranteed Maturity Benefit definition

Guaranteed Maturity Benefit means the amount payable as Maturity Benefit, calculated as a percentage of the Total Premiums Payable in accordance with Section 3.2.2 of Part C. The Guaranteed Maturity Benefit may vary depending on the Age, Premium Payment Term and the Policy Term.
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Guaranteed Maturity Benefit means the amount as specified in the Schedule.
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Guaranteed 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
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Examples of Guaranteed Maturity Benefit in a sentence

  • In order to be reimbursed, the employee must receive a grade of "C" or better, or the equivalent.

  • Except for the Guaranteed Death Benefit and the Guaranteed Maturity Benefit, the value of benefits payable from Segregated Fund investments is not guaranteed but will fluctuate with the market value of the assets of the Segregated Funds supporting them.

  • This percentage will be applied to the Guaranteed Maturity Benefit and the Vested Bonus under the Policy to determine the amount of reversionary bonus to be added to the Policy at the end of that Financial Year.

  • Maturity Benefit under Reduced Paid-Up policy:If the Life Insured survives till the end of the policy term, whilst the policy is in reduced paid-up status, Paid-up Guaranteed Maturity Benefit (as defined below) will be payable and the policy will terminate immediately.

  • Compound Reversionary Bonus: This is a regular bonus rate expressed as a percentage of the Guaranteed Maturity Benefit.

  • On survival of the Life Insured till the end of the policy term provided this policy is in force, depending on the policy term, the following Guaranteed Maturity Benefit will be payable: The contract will terminate on payment of Maturity Benefit.

  • A le tt e r f r o m t h e Ch ief, R eg u l a t io n s an d Ad m i n is t ra t ive La w, U SCG, Dep ar tm e n t of Ho m el an d S ec ur i t y , t ran s m i tt i n g t h e De- p ar tm e n t ’s fi na l ru le — R eg u l a t ed N a vig a- t io n A r e a ; Des P l a i n es R ive r , J olie t , Illi n ois [CGD09-03-214] ( R IN: 1625- AA11) r eceived No- ve m be r 18, 2003, p ur s uan t t o 5 U.

  • The Guaranteed Maturity Benefit in the paid-up policy will be as detailed in the Guaranteed Maturity Benefit section.• You may revive your paid-up policy during the revival period of five (5) years from the due date of first unpaid premium, subject to the revival conditions under the policy.

  • The interim bonus rates are applicable on the Guaranteed Maturity Benefit and vested reversionary bonus, if any.

  • Based on the lack of sufficient wind speeds and the amount of land needed to replace FNP, the wind alternative would require a large greenfield site, which could result in a large environmental impact.


More Definitions of Guaranteed Maturity Benefit

Guaranteed Maturity Benefit means 90% of the total Regular Premiums / Single Premium paid.
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Guaranteed Maturity Benefit means 100.1% of the total Regular Premiums / Single Premium paid less the total amount of partial withdrawals made during the policy term as per section 9 below.
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Guaranteed Maturity Benefit means the amount specified in the Policy Schedule that is guaranteed to be paid by Us in accordance with the terms of the Policy.
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Guaranteed Maturity Benefit means the amount which is guaranteed to become payable on maturity of the policy and is represented as % of Total Premiums Payable over the Premium Payment Term excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
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Guaranteed Maturity Benefit means the Benefit payable on maturity i.e. at the end of the Policy Term, as specified in the Schedule at the inception of the Policy.
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Related to Guaranteed Maturity Benefit

  • 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

  • Scheduled Maturity Date means June 30, 2032.

  • Stated Maturity when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.

  • Maximum Maturity means an obligation that has a remaining maturity of not greater than the period specified in the Standard (or if no such period is specified, thirty years);

  • Stated Maturity Date is the date, as set forth on the Accumulation Fund Schedule, when the Fund Balance is originally due and payable to the Policyholder.

  • Final Maturity has the meaning specified in Section 308.

  • Maturity when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

  • Designated Maturity means, in relation to Screen Rate Determination, the period of time designated in the Reference Rate.

  • Term Loan Maturity Date means, (a) with respect to any Term Loans, the final maturity date as specified for such Term Loans in the applicable Term Loan Amendment and (b) with respect to any Extended Term Loans of a given Term Loan Extension Series, the final maturity date as specified in the applicable Extension Amendment.

  • Revolving Loan Maturity Date means June 15, 2011, unless extended by Lender pursuant to any modification, extension or renewal note executed by Borrowers and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Term Maturity Date means December 30, 2021 (or, with respect to any Term Lender that has extended the maturity date of its Term Loans pursuant to Section 2.19(b), the extended maturity date set forth in the Extension Notice delivered by the Borrower and such Term Lender to the Administrative Agent pursuant to Section 2.19(b)).

  • Latest Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time.