Maturity Benefit
✓ Last verified 14 Sep 2026
The short version
Maturity benefit is the amount a traditional life insurance policy pays out if the policyholder survives the full policy term - a feature term insurance doesn't have, since term plans pay only on death, not survival.
A traditional/endowment plan returns a maturity benefit - typically the sum assured plus any accumulated bonuses - if the policyholder outlives the policy term. Term insurance, by design, pays nothing if you outlive the term (unless a specific, costlier return-of-premium variant was purchased) - see our term vs. traditional life insurance article for the full trade-off between the two structures, since a maturity benefit isn't free: it comes at the cost of a much higher premium for the same amount of pure life cover.
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