The maturity benefit is the money you get from your insurance policy when it ends, and you’re still alive. This is common in plans like endowment, whole life, or ULIP. Term life insurance usually has no maturity benefit.
If you keep paying your premiums on time, your policy “matures” after a fixed number of years—like 10, 20, or 30 years. You then receive the sum assured plus bonuses or investment returns, depending on the type of plan.
This money can be used for your child’s education, marriage, business, or retirement. It’s like a reward for staying committed and protecting your family.
Insurance with maturity benefits works like a saving tool. It helps you grow money slowly over time while keeping you protected.
