Maturity Sum Assured definition

Maturity Sum Assured means the amount as specified in the Schedule.
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Maturity Sum Assured means the Maturity Sum Assured shown in the policy schedule, which is used to determine the premiums and maturity benefits.
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Maturity Sum Assured means the amount as mentioned in the Schedule and payable in accordance with Part C.
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Examples of Maturity Sum Assured in a sentence

  • If the Insured is alive on the Maturity Date and the Policy is in force and all due premiums have been paid into the policy, Maturity Sum Assured shall be payable, after deduction of any due premium and indebtedness which are unpaid as on date of maturity.

  • Subject to terms and condition of this Policy, on survival of Life Assured to the end of the Policy Term, the Paid-up Maturity Sum Assured as calculated below will be payable.

  • However, if the Plan is under Paid-Up Mode, no future Simple Reversionary Bonus will be added to the Sum Assured or the Guaranteed Maturity Sum Assured, as the case may be.

  • The Maturity Sum Assured (MSA) is paid on survival till maturity.

  • Only during the lifetime of the Life Insured, We shall pay 7.5% of the Reduced Paid-Up Maturity Sum Assured for a maximum period of 15 (Fifteen) years.

  • The Simple Reversionary Bonus, if declared by us will be added to the Sum Assured or the Guaranteed Maturity Sum Assured, as the case maybe.

  • Special Surrender Value = (Paid-Up Maturity Sum Assured + accumulated Simple Reversionary Bonus)* Special Surrender Value Factors.

  • The monthly income installments will be discounted using discount rate of 6.25% per annum compounded yearly Guaranteed Maturity Sum Assured is equal to 115% of total premiums paid (excluding taxes, rider premium, modal premium and extra underwriting premium, if any) Death Benefit shall be payable as follows:i.

  • If the Life Assured is alive on the Maturity Date and if all Instalment Premiums have been received in full, the Guaranteed Maturity Sum Assured plus Vested Compound Reversionary Bonuses, if any, plus Terminal Bonus, if any, shall be paid.

  • Any time after the policy acquires surrender value, you may choose to discontinue with this Policy, on expiry of the grace period for payment of premium, as a non-participating, paid-up insurance for a reduced Maturity Sum Assured; the Maturity Sum Assured being reduced in the proportion as the number of premiums actually paid shall bear to the total number of premiums payable as stipulated for in the Policy Schedule.


More Definitions of Maturity Sum Assured

Maturity Sum Assured means the amount of life insurance cover available on the Maturity Date for the purpose of determining the Death Benefit and is arrived at by multiplying the Guaranteed Monthly Regular Income with the Factor. .
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Related to Maturity Sum Assured

  • Term Advance has the meaning specified in Section 2.01(a).

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Refinancing Loan has the meaning specified in Section 2.15(b).

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Maturity Amount means the amount due at maturity with respect to a Capital Appreciation Bond.

  • Equipment Advance is defined in Section 2.1.1.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Loan repayment means the cancellation and repayment of loans

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • 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.

  • Refinancing Proceeds means the proceeds of the refinancing of any indebtedness of the Company, less the amount of expenses incurred by or on behalf of the Company in connection with such refinancing.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Term Loan A Maturity Date means July 29, 2025.

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Refinancing Lenders has the meaning specified in Section 2.15(c).

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).