First Published: 05 Apr 2023, 06:17 PM IST
All you need to know about surrender value of a insurance policy
Updated: 05 Apr 2023, 06:17 PM IST
TL;DR.
Surrender value is the amount of money a policyholder receives when they decide to terminate their life insurance policy before maturity. It is calculated based on the premiums paid, policy term, and sum assured.
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