every life insurance policy (other than term plans) have a certain predecided surrender value where policy is surrendered before maturity date. what it means is that if today, you decide not to continue with the policy, you will be paid back a certain portion of premium paid...
20 June 2014
surrender value depend on the value you paid and surrender amount will diff according to company to company. and for surrender you have to pay the premium for a fixed time for example your can not surrender before 3-4 years.
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