Sentences with phrase «payable on a given date»
It is a mortgage in which the entire unpaid principal becomes due and payable on a given date, five, ten, or any number of years in the future.
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The Sum Assured chosen by him is Rs. 3,00,000 for which he is paying a premium of Rs. 16,136 p.a.. On maturity date, Nitin will receive the following Maturity Benefit: In case of unfortunate death of Nitin at the end of the 10th policy, the nominee will receive trhe Death Benefit as given below: 1) Death Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 months.