Common use of Surrender Benefit Clause in Contracts

Surrender Benefit. At any time while your policy is in effect and after all due installment premiums for at least three policy years have been paid you can request to surrender this policy for its Surrender Benefit. The Guaranteed Surrender Value is the sum of the percentage of premiums paid and surrender value of accrued guaranteed additions and accrued regular bonuses as shown under Schedule A will vary based on the policy term, premium paying term and the year you surrender the policy. Your policy also acquires a Special Surrender Value. To know the Special Surrender Value for your policy you can get in touch with your advisor, or the nearest Branch Office or our Customer Service Team. Your surrender benefit is the higher of:

Surrender Benefit. At any time while your Your policy is in effect and will acquire a surrender value after all due installment premiums for at least three policy years have been paid are paid. At any time thereafter you can request to surrender this policy for its Surrender Benefit. The Guaranteed Surrender Value is the sum of the percentage of premiums paid (excluding any premiums paid towards rider benefit/s, underwriting extra and service tax) and surrender value of accrued guaranteed additions and accrued regular bonuses less any survival benefit already paid. The Guaranteed Surrender Value as shown under Schedule A will vary based on the policy term, premium paying term and the year you surrender the policy. Your policy also acquires a Special Surrender Value. To know the Special Surrender Value for your policy you can get in touch with your advisor, or the nearest Branch Office or our Customer Service Team. Your surrender benefit is the higher of:

Surrender Benefit. At any time while your policy is in effect and after all due installment premiums for at least three policy years have been paid you can request to surrender this policy for its Surrender Benefit. The Guaranteed Surrender Value is the sum of the a percentage of premiums paid (excluding any premiums paid towards rider/s benefit, underwriting extras and service tax) plus the surrender value of accrued guaranteed additions and accrued regular bonuses less maturity benefit already paid. The percentages for Guaranteed Surrender Value as shown under Schedule A will vary based on the policy term, premium paying term and the year you surrender the policy. Your policy also acquires a Special Surrender Value. To know the Special Surrender Value for your policy you can get in touch with your advisor, or the nearest Branch Office or our Customer Service Team. Your surrender benefit is the higher of: