What is policy surrender? PNB MetLife: Understanding What is Surrender | #LetsTalkInsurance
Rewrite Did you know the meaning of this insurance term?
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Let’s understand what the term “Surrender” is all about. Surrender is when the policyholder decides to terminate his/her policy before maturity and surrender value is the amount that the policyholder will receive from the insurance company. A surrender charge also gets deducted from the total amount and this varies from policy to policy.
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