What is difference between policy surrender & policy paidup?

1. 

   Anonymous
   

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   What is the difference between policy paidup & policy surrender? Which is most beneficial option if someone dont want to continue policy?

   Posted 1 year ago #
2. 

   shyamsunder
   

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   Policy Surrender = Immediate payment of S.V on surrender date.
   Policy Paid-up= Payment on maturity date though policy discontinued earlier.

   1. Surrender value (S. V) depends upon Paid-up value.
   i. e. S. Value = Surrender factor X Paid-up value.

   2. Loan Value depends upon Surrender value.
   i.e. L. Value = 90% of S. V (approx)

   Posted 1 year ago #
3. 

   dushyantsaini
   

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   Joined: Mar '11
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   Shyam sunder ji,

   Perfect answer.

   Posted 1 year ago #
4. 

   devanand
   

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   http://www.bimaworld.com/forums/topic/dlf-dhansuraksha?replies=3#post-4014

   IBS

   Posted 1 year ago #
5. 

   Anonymous
   

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   what is the process to surrender the policy or to make it paid up?

   Posted 10 months ago #

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