Sum Assured on Maturity means the amount which is guaranteed to become payable on maturity of the policy, in accordance with the terms and conditions of the policy.
Sum Assured on Maturity means an absolute amount of benefit which is guaranteed to become payable at the end of the policy term i.e. on maturity of the policy in accordance with the terms and conditions of the policy.
Sum Assured on Maturity means the absolute amount of benefit which is guaranteed to be payable on maturity of the Policy;
Examples of Sum Assured on Maturity in a sentence
The simple reversionary bonus rate is expressed as a percentage of the Sum Assured on Maturity as declared from time to time.
Where, Minimum Guaranteed Sum Assured on Maturity shall be the Basic Sum Assured.
Once the policy becomes paid up the Sum Assured on Maturity will be reduced to paid up value on Maturity which will be paid on Maturity of the policy.
Upon survival of Life Assured till the end of the Policy Term, Guaranteed Sum Assured on Maturity shall be payable.
Sum Assured on Maturity is the absolute amount of benefit which is guaranteed to be payable in the form of survival benefit during the policy term as per the terms and conditions specified in the policy.
More Definitions of Sum Assured on Maturity
Sum Assured on Maturity means an absolute amount of benefit which is guaranteed to become payable on maturity of the policy.
Sum Assured on Maturity means the amount as specified in the Schedule.
Sum Assured on Maturity means the guaranteed amount as specified in the Schedule calculated as per Clause 1.3 of Part C, payable on the Maturity Date, if the Life Insured is alive on the Maturity Date and all due Premiums have been received by Us;
Sum Assured on Maturity means the absolute amount of benefit guaranteed to be paid on the Maturity Date, which is equal to the Basic Sum Assured
Sum Assured on Maturity means the absolute amount of benefit which is guaranteed to be payable on maturity of the Policy as per the terms and conditions specified in the Policy;
Sum Assured on Maturity means the amount as mentioned in the Schedule as Sum Assured on maturity, which is the absolute amount of benefit guaranteed to be payable on maturity of the policy.
Sum Assured on Maturity means the amount payable on maturity of the Policy as specified in the Schedule, in accordance with Section 3.2.2 of Part C and is defined as percentage of the Annualised Premium. The Sum Assured on Maturity may vary depending on the Age, Premium Payment Term and the Policy Term.