Topic: How much money I will get back if I surrender a insurance policy after paying 5 premiums?

please advice

Surrender value is Dependant on policy term .If the residual term is high the surrender value would be low and vice a versa. Surrender value in case of with profit plan is not transparent and only the life insurance company would be tell the exact surrender value. Most companies do offer minimum surrender value which is equal to 30% of total premium paid excluding the 1st year premium and any rider premiums.

In case of unit linked plan surrender value is equal to fund value minus the surrender charge .In unit linked policy the surrender value is transparent as surrender charges are decided at the inception of the plan.

It should be noted that some plans such as term plans do not have any surrender value.

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