Examples of Date of Maturity in a sentence
The redemption or conversion value varies based on the following factors: the cumulative return on the Guaranteed Investment since its issue, the fact that the principal guarantee applies at maturity only, volatility, interest rates and the term remaining before the Date of Maturity.
After the Date of Maturity, in case of death of the Life Assured, who has exercised Settlement Option, the outstanding instalments will continue to be paid to the nominee as per the option exercised by the Life Assured and no alteration whatsoever shall be allowed to be made by the nominee.
Policy Term means the period commencing on the Policy Date and ending on the Date of Maturity as mentioned in the Policy Schedule.
If a lapsed policy is not revived within the revival period but before the Date of Maturity, the policy will automatically terminate.
No Maturity Benefit shall be payable on the Life Assured surviving the stipulated Date of Maturity.