Mature claim definition

Did you think life insurance only provides financial support in case of an unfortunate event? Think again! Maturity benefits can save and grow your money too. Buying life insurance is necessary to protect your loved ones in case of death, accidents or disabilities that lead to a loss of income. Though you cannot put a monetary value on human life, the compensatory amount is determined based on the loss of future income.

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How to claim maturity benefits from life insurance policies

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Maturity Claim in Life Insurance Policies

Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest rate and commodity swaps, options, loans and fixed income instruments such as bonds. Some financial instruments, such as deposits and loans, require repayment of principal and interest at maturity; others, such as foreign exchange transactions, provide for the delivery of a commodity. Still others, such as interest rate swaps , consist of a series of cash flows with the final one occurring at maturity. The maturity of a deposit is the date on which the principal is returned to the investor. Interest is sometimes paid periodically during the lifetime of the deposit, or at maturity.
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Maturity (finance)

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In finance, maturity or maturity date refers to the final payment date of a loan or other financial instrument , at which point the principal and all remaining interest is due to be paid. The term fixed maturity is applicable to any form of financial instrument under which the loan is due to be repaid on a fixed date. This includes fixed interest and variable rate loans or debt instruments, whatever they are called, and other forms of security such as redeemable preference shares, provided their terms of issue specify a date. It is similar in meaning to "redemption date".
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