Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Surrender value is the amount a policyholder receives if they voluntarily terminate a life insurance policy (typically an endowment or ULIP) before maturity.
The money you get back if you exit a life insurance policy early, before it matures.
Guaranteed surrender value is usually a percentage of premiums paid (excluding the first year); special surrender value factors in bonuses accrued, and is often higher after a minimum policy term.
Surrendering an endowment policy in year 5 typically returns far less than the total premiums paid so far.
The money you get back if you exit a life insurance policy early, before it matures.
Surrender Value helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.