How to Surrender a Prudential Life Insurance Contract | Sapling
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#WhyNotMintMoney | A surrender is a premature termination of a life insurance policy. In return, you get what is known as the surrender value. In a term insurance policy, there is no surrender value. If you terminate the policy your insurance cover stops. | Mint | Facebook
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Ever felt stuck with a life insurance policy you can't afford anymore? IRDAI's new rule might change your mind! and Get more premium back🤑 Did you know exiting/ surrendering your life insurance policy before maturity often meant losing a significant chunk of your money? You paid ₹1,00,000 premium annually for 3 years (total 3,00,000) • Before rule: if you surrender your policy, you will get only ₹70,000 and your loss will be ₹2,30,000 • After rule: if you surrender your policy, you will get ₹2,
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