Policy Maturity Date definition

Policy Maturity Date means the date specified as such in the Policy Schedule

Policy Maturity Date means, with respect to a Policy, the date specified in the Policy, including any extensions thereto available and exercised under the terms of the Policy, on which coverage offered under the Policy terminates.

Policy Maturity Date means the last date of the insurance term as specified in the Policy Certificate, if the Policy is still in force at that time.

Examples of Policy Maturity Date in a sentence

• Policy Maturity Date means the date of completion of the Policy Term as specified in the Policy Schedule.

• Subject to the terms of this Policy and the Policy remaining in full force and effect on the date of death of the Life Assured after the Risk Commencement Date and before the Policy Maturity Date, the higher of the following shall be payable to the Eligible Person as on the Relevant Date.

• This benefit will only be paid if the Insured is living on the Policy Maturity Date.

• If the Annuity Payment Option is Monthly Payment, the amount of “Annuity of the Year” received for each month before Policy Maturity Date (excludes the month of Policy Maturity Date) equals to one twelfth (1/12) of the annuity distributed at the last policy year-end.

• Policy Maturity Date means the date specified as such in the Policy Schedule.

• Fund Value as on the Policy Maturity Date shall become payable.After converting the policy to reduced paid-Up policy, the Company will communicate the status of the Policy within three months of the first unpaid premium and the Policyholder will have the following options:To revive the Policy within the revival period of three years or before the end of policy term, whichever is earlier.

• Policy Maturity Date means the date on completion of the Policy Term as specified in the Policy Schedule.

• The Company will pay death proceeds to the named beneficiary(ies) after it receives Notice and proof that the Insured died before the Policy Maturity Date as shown on the current data pages and after the Company receives a completed and signed Beneficiary Statement(s) (Claim Form).

• If the Annuity Payment Option is Monthly Payment, the amount of “Survival Payment of the Year” for each month before Policy Maturity Date (excludes the month of Policy Maturity Date) equals to one twelfth (1/12) of the sum total of annuity and Accumulated Reversionary Bonus (if applicable) distributed at the last policy year-end.

• Maturity Benefit will be paid in a lump sum at the Policy Maturity Date.

More Definitions of Policy Maturity Date

Policy Maturity Date means the date of completion of the Policy Term as specified in the Policy Schedule.

Policy Maturity Date means the last date of the insurance term as specified in the Policy Schedule, if the Policy is still in force at that time. Under the Provisions of this policy, the Policy Maturity Date is the Annual Policy Anniversary Date after the Life Insured’s attainment of age 99.

Policy Maturity Date means the date specified in the Policy Schedule and means the date on which the maturity benefit is paid to the Policyholder.

Policy Maturity Date or “Maturity Date” is the date specified in the Policy Schedule on which the Policy Term expires.