Surrender Value definition

Surrender Value means an amount, if any, that becomes payable in case of Surrender of the Policy in accordance with the terms and conditions of the Policy.

Surrender Value means the amount payable, if any, on the Surrender of this Policy. Part D of this Policy will specify the manner of calculation of the Surrender Value, if any.

Surrender Value means an amount payable on surrender of this Policy, which will be the higher of the Guaranteed Surrender Value or the Special Surrender Value;

Examples of Surrender Value in a sentence

• The Special Surrender Value will be quoted only on receipt of a Surrender request which shall be determined by the Company from time to time and is not guaranteed.

• The written surrender request must be submitted together with any other documents that We may require.The surrender Benefit payable is the Surrender Value as follow: 𝑁𝑜.

• D.3.2.3. Special Surrender Value: If the conditions as per section D.3.2 have been fulfilled, and if at least three full years’ Premium have been paid, the Policy may acquire a Special Surrender Value.

• The maximum amount of loan that will be advanced at any one time or more than one time shall not exceed 90% of the available Special Surrender Value and provided that the amount of the loan is not less that Rs.1000/-.

• Upon payment of the Surrender Value, the Policy shall stand terminated with no further Benefits payable under the Policy and the Company shall be relieved and discharged from all obligations under this Policy thereafter.

More Definitions of Surrender Value

Surrender Value means an amount, if any, that becomes payable in case of surrender in accordance with the terms and conditions of this policy.

Surrender Value means an amount, as specified under the Plan, that is payable upon complete withdrawal/termination of the entire Policy by the Policyholder

Surrender Value is the amount you receive upon surrender of this Contract before the Income Date. It is your Account Value, plus or minus any applicable Market Value Adjustment, and less any applicable surrender charges or other charges shown in the Schedule.

Surrender Value means the amount payable to the Policyholder upon early and voluntary termination of the Policy by the policyholder. It is usually expressed as the Fund Value less the surrender penalty.

Surrender Value. The amount payable by Aetna upon the surrender of any portion of an Account.

Surrender Value means the amount payable to the Policyholder upon early and voluntary termination of the Policy by the Policyholder. Any indebtedness will be deducted from the Surrender Value of the Policy before its payment.

Surrender Value means the amount for which the Contract Holder may surrender the Contract as calculated in accordance with Clause 16.