Policy Surrender Value Calculator
Policy Surrender Details
Surrender Value Types
- Guaranteed Surrender Value (GSV)
- Special Surrender Value (SSV)
- Higher of GSV and SSV is payable
- Bonus additions if applicable
- Cash value of paid-up additions
Important Points
- Minimum 3 years premium payment required
- GSV factors vary by policy duration
- SSV depends on policy reserves
- Early surrender may result in losses
- Consider alternatives before surrender
Surrender Process
- Submit surrender application
- Provide original policy document
- Submit KYC documents
- Bank account details
- Processing time: 7-15 days