Examples of Guaranteed Maturity Benefit in a sentence
Upon Payment of Guaranteed Maturity Benefit, the policy will stand terminated by the Company.
Guaranteed Maturity Benefit = (Guaranteed Maturity Benefit Factor as per Annexure A) x Total Premiums Payable Guaranteed Addition/s shall not accrue once the Policy has been converted to a Reduced Paid-up Policy.
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.
On survival of the Life Insured till the end of the policy term provided this policy is in force, depending on the policy term and age band, the Guaranteed Maturity Benefit as mentioned in policy schedule will be payable.
On survival of the Life Insured till the end of the policy term provided this policy is in force, the Guaranteed Maturity Benefit equal to Basic Sum Assured will be payable.
On the Maturity Date, provided the Policy has not been terminated as per Section 20 below, the Company shall pay the Policy Account Value as on the Maturity Date, subject to a minimum of the Guaranteed Maturity Benefit, to the Policyholder as Maturity Benefit.
On survival of the Life Insured till the end of the Policy Term, provided all the due Premium(s) have been paid up to date, Guaranteed Maturity Benefit shall be payable.
Upon survival of the Life Insured till the completion of the Policy Term, the benefit payable will be Reduced Paid-Up Guaranteed Maturity Benefit.
Maturity Benefit = Guaranteed Maturity Benefit+ accrued Guaranteed Additions+ vested reversionary bonuses, if any+ terminal bonus, if anyii.
For such policies, the amount paid on death or maturity will be the Death Benefit or Guaranteed Maturity Benefit reduced by outstanding loan amount respectively.