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