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.
Guaranteed Sum Assured on Maturity which is zero under this product *Annualized Premium does not include modal factors and underwriting extraThe Death Benefit shall become payable on/from the date of intimation of death, subject to acceptance of the claim by the Company.We shall pay the Death Benefit as per the Death Benefit Payout Option stated on your Policy Schedule upon Death of the Life Insured provided the Policy is in force as on the date of death of Life Insured.
The non guaranteed Cash Bonus is declared as a percentage of the Sum Assured on Maturity of Your Policy.
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.