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.
However, the certificates can be encashed after a lock-in period of two years and six months on a predetermined maturity value
In future periods, CNA will recognize income to the extent the funds withheld assets are sold or the market value of those assets reduces to the maturity value
of the securities.
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
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.
A FIRSTLY, you will need to find out the surrender value of your endowment policy, the proportion of your endowment policy's maturity value
that would consist of the terminal bonus and whether you would incur any charges upon surrender.
He adds: "One attraction of with-profits policies is that once bonuses are added to the maturity value
, they cannot be taken away.
A YOU need to find out the surrender value of your policy, the proportion of the maturity value
you would get as a terminal bonus and whether you'd incur any penalty charges, You might then decide you're better off sticking with your endowment.
As contract maturity value
is a function of the market value of assets, benefit payments can be expected to drop in adverse market conditions," SSS said.
At the end of the five years there is a guaranteed maturity value
of pounds 80,076 that will be used to provide income on whatever basis the client chooses.
These 10-year bonds, with a maturity value
of Rs 20,000, will only be taxed as capital gains at the end of the tenure.
A pounds 200-a-month pension plan taken out 20 years ago now has a maturity value
of pounds 82,301 - down from pounds 87,095 a year ago and pounds 92,735 two years ago.