Maturity claim

• Par Plan :The amount payable on maturity = sum assured + any accumulated bonuses any outstanding and interest thereon.
• In some cases the premiums paid over the tenure of the plan are returned on maturity. These plans are termed as "return of premium" (ROP) plans by some insurers.
• In the case of ULIPs, the insurance company pays the fund value (or on some cases the fund value and the sum insured) as the maturity claim, at the end of the plan's term.
• In the case of a money-back policy, the sum insured - survival benefits + bonuses are paid at the end of the policy