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surrender value

Pranay Dubey (51 Points)

23 October 2018

what is surrender value in joint life policy account ???

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It is the value you receive when you cancel your active insurance policy before maturity. In partnership, when a partner goes the policy is surrendered and proceeds are distributed. Else, surrender value is adjusted like goodwill.

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satish (teaching) (2046 Points)
Replied 24 October 2018

realisable value for the policy

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