Glossary

Maturity claim

A claim made when a policy reaches the end of its term and a maturity amount falls due.

A maturity claim arises on survival to the end of the term, where the product has a maturity benefit. Term plans do not.

It is usually the most straightforward kind of claim, since the event is a date rather than something requiring verification.

Related terms

  • Maturity benefit The amount payable if you survive to the end of the policy term.
  • Claim A request for the insurer to pay what the policy promises.
  • Endowment policy Life cover combined with a contractual payout at maturity, whether or not a claim is made.

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