Surrender Value:
The policy can be surrendered provided atleast three full years’ premiums have been paid. The Guaranteed Surrender value shall be percentage of total premiums paid (net of service tax) excluding extra premiums and premium for rider, if opted for, less any survival benefits already due and payable. This percentage will depend on the policy term and policy year in which the policy is surrendered. In addition, the surrender value of any vested Simple Reversionary Bonuses, if any, shall also be payable, which is equal to vested bonuses multiplied by the surrender value factor applicable to vested bonuses. These factors will depend on the policy term and policy year in which policy is surrendered .Corporation may, however, pay Special Surrender value, if it is more favorable to the Policyholder. In addition to the payable Surrender Value, if the option to defer the Survival Benefit(s) has been exercised and payment of such Survival Benefit(s) which were due but have not yet been made, these increased Survival Benefit(s).For More Details about the surrender value of any plan contact us on +91 7319758961 or submit your query with your policy number here : http://thepolicykart.com/query.php
The policy can be surrendered provided atleast three full years’ premiums have been paid. The Guaranteed Surrender value shall be percentage of total premiums paid (net of service tax) excluding extra premiums and premium for rider, if opted for, less any survival benefits already due and payable. This percentage will depend on the policy term and policy year in which the policy is surrendered. In addition, the surrender value of any vested Simple Reversionary Bonuses, if any, shall also be payable, which is equal to vested bonuses multiplied by the surrender value factor applicable to vested bonuses. These factors will depend on the policy term and policy year in which policy is surrendered .Corporation may, however, pay Special Surrender value, if it is more favorable to the Policyholder. In addition to the payable Surrender Value, if the option to defer the Survival Benefit(s) has been exercised and payment of such Survival Benefit(s) which were due but have not yet been made, these increased Survival Benefit(s).For More Details about the surrender value of any plan contact us on +91 7319758961 or submit your query with your policy number here : http://thepolicykart.com/query.php
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