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maturity payment

Comparative law notes


The phrase "maturity payment" is recognized in the Anglo-American insurance industry as the payment made by the insurer to the insured on maturity of the policy. The amount paid to the insured will typically include the insured sum and any bonus or incentive that were agreed upon between the insurer and policyholder. This broad concept can certainly be used as a translation of the German/Austrian concept of Ablaufleistung. Obviously, any such maturity payment will determined entirely by the terms of insurance contract/policy executed.