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

  • Upon Payment of Guaranteed Maturity Benefit, the policy will stand terminated by the Company.

  • 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.

  • 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, the Guaranteed Maturity Benefit equal to Basic Sum Assured will be payable.

  • 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.

  • 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 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.

  • Upon survival of the Life Insured till the completion of the Policy Term, the benefit payable will be Reduced Paid-Up Guaranteed Maturity Benefit.

  • Guaranteed Maturity Benefit will be equal to the sum Total Premiums Payable, Accrued Guaranteed Additions and Accrued Wealth AdditionsWhere:1.

  • Death Sum Assured is equal to highest of, 10 times the Annual Premium, OR 105% of all the premium paid as on date of death, OR Minimum Guaranteed Maturity Benefit, OR absolute amount assured to be paid on death (11 times the Annual Premium rounded up to the next Rs. 1000), where Annual Premium refers to premium payable in a year excluding any extra premium, service tax and loading for modal factors, if any.


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 Sum Assured on Maturity, any additional and accrued benefit, which is payable on maturity, as stated in Part C of this Policy..
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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 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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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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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 the date specified in the Adoption Annex.

  • Postponed Maturity Date means the tenth Business Day following the originally scheduled Maturity Date;

  • Stated Maturity means, when used with respect to any Security or any installment of principal thereof or interest thereon, 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 has the meaning specified in Section 2.1 hereof.

  • Accelerated Maturity Date means if the Company elects to accelerate the Maturity Date in accordance with Section 2.2(c), the date selected by the Company which is prior to the Scheduled Maturity Date, but is after March 31, 2002.

  • Constant Maturity Swap Rate means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Final Maturity has the meaning specified in Section 308.

  • Expected Maturity Date means June 15, 2021.

  • Final Scheduled Maturity Date The Final Scheduled Maturity Date for each Class of Certificates is May 25, 2034, which corresponds to the "latest possible maturity date" for purposes of Section 860G(a)(1) of the Internal Revenue Code of 1986, as amended. Fitch: Fitch Ratings, or its successor in interest.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • 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, notice of redemption, notice of option to elect repayment or otherwise.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

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

  • Legal Maturity Date means July 15, 2024.

  • Term Loan Maturity Date means April 1, 2026.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Revolving Loan Maturity Date means (a) the date which is five years from the Closing Date or (b) such earlier date upon which the Revolving Commitments may be terminated in accordance with the terms hereof.

  • Term B Loan Maturity Date has the meaning specified in the definition of “Maturity Date.”

  • Class A-3 Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Term B Maturity Date means May 17, 2030.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • 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, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to time.