FULL SURRENDER. You may request to surrender Your policy for its Account value at any time after the free look period. The surrender value consists of the following: (a) Account value; (b) any premium and/or top-up you have paid but have yet to be invested; (c) less surrender charge on the full surrender amount in the first five (5) policy years; and (d) less any amounts owing to Us. We will pay You an amount equivalent to the value of the cancelled units at the unit prices of the respective fund(s) on the next Valuation day after we receive your request, less any applicable charges. Your coverage will be terminated once You have surrendered Your policy. Please refer to Fees and Charges section for the full surrender charge.
Appears in 2 contracts
Sources: Investment Agreement, Policy Contract