Life insurance policies have a specific tenure. The final date at which your life insurance policy matures, i.e., comes to an end, is known as the maturity date of the policy. On the maturity date, you are liable to receive the maturity benefits, if any.
If you took out an insurance-cum-savings plan in 2022 for a period of 10 years, you will receive the maturity benefit in 2032, after the 10th policy year. To know more about Maturity Date, watch this easy-to-understand video, part of ‘Life Insurance Made Easy’ a customer education initiative by Bajaj Allianz Life.
Visit our website and choose from our wide variety of term plans, ULIP plans and other types of life insurance products. To know more about such simplified insurance terminologies, visit
https://bit.ly/3Hv7rIj.
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Bajaj Allianz Life Insurance Co. Ltd.
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