M holders, who can be any investors, receive coupons of c each year, plus a variable
maturity value. The
maturity value is a pro rata share of the mortality pool, where the amount in the mortality pool depends on the number of deaths in the age x cohort.
This could provide a guaranteed income for a set period with a guaranteed
maturity value at the end.
The agents of this chit fund company used to collect `27,000 from investors and promised a
maturity value of `1 lakh after three years.
In computing the exclusion ratio for the payments, the amount to be used as the investment in the contract is premium cost, not the
maturity value.
However, the certificates can be encashed after a lock-in period of two years and six months on a predetermined
maturity value. The KVPs can be transferred from one post office to another.
"In recognition of the distress and inconvenience caused, we have credited her account with a further payment, which includes backdated net interest on the
maturity value."
For borrowers who took out an interest only mortgage backed by an endowment policy, many will see the natural mortgage term come to a natural end in the next 5 years only to find they may have a shortfall in the
maturity value of the policy.
There are two tests for the nonforfeiture law, a retrospective and prospective one, but there is confusion over defining some values like premiums, the discount rate and
maturity value, according to Serbinowski's analysis, which was generally supported by the working group.
Customers are also eligible for the
maturity value by applying the highest value of Net Asset Value (NAV) locked-in during the tenure of the plan, with the minimum period required being 10 years.
Each installment premium paid has a guaranteed
maturity value which is payable on the vesting date.
Ask a provider for an estimate of likely
maturity value.