Insurance policy surrender

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2014 Experts,

Suppose there is a policy of 15 years, with quarterly premium of Rs.2000 and sum assured Rs.1.10 lac.

After the premium payment for 2 years, one want to surrender the policy, then will he get any amount ?? if yes what will be the approximate amount he will receive ??

Thanks.

Amol S Joglekar

Amol S Joglekar (Expert)
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24 November 2014 You need to check the terms and conditions of that insurance policy, printed on the policy itself, regarding the payment of surrender value by the insurance company.

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