Section 27 of Insurance act 1938

Vinay sawant (nothing) (176 Points)

05 March 2021  
As per section 27 of the act :
27(1)(a) : the amount of liabilities to holders of life insurance on account of matured claims, and
27(1)(b) : The amount of liabilities on life insurance maturing for payment...

I wanted to know the exact meaning of term
1. Matured claims, and
2. Maturing for payment.