Special Surrender Value definition

Special Surrender Value means the special surrender value computed in accordance with Clause 1.6 of Part D;
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Special Surrender Value means the special surrender value computed in accordance with Section 8.5;
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Special Surrender Value means the special surrender value which is payable in accordance with Section 4.
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Examples of Special Surrender Value in a sentence

  • To know the Special Surrender Value for your policy you can get in touch with your advisor, or the nearest Branch Office or our Customer Service Team.


More Definitions of Special Surrender Value

Special Surrender Value means an amount which is calculated in the following manner: Special Surrender Value = Special Surrender Value Factor x (Number of Instalment Premiums received /Total number of Instalment Premiums payable for the Premium Paying Term)* Sum Assured The Special Surrender Value Factors shall be determined based on Our expectation of future financial and demographic conditions and may be reviewed by the company from time to time with prior approval from IRDA.
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Special Surrender Value means an amount which is calculated in the following manner:
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Special Surrender Value means an amount which is calculated in the following manner: Special Surrender Value = Special Surrender Value Factor x (Number of Instalment Premiums received /Total number of Instalment Premiums payable for the Premium Paying Term) * (Sum of total benefits payable during payout period as described under the Clause 3, Maturity Benefit in Part C above) The Special Surrender Value Factors shall be determined based on Our expectations of future financial and demographic conditions and may be reviewed by the Company from time to time, with prior approval from IRDAI.
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Special Surrender Value means the value as specified in Section 4 of Part D.
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Special Surrender Value means an amount computed in accordance with Clause 1 of Part D;
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Special Surrender Value means an amount which is calculated in the following manner:Special Surrender Value = Special Surrender Value Factor x (2* Paid Up Sum Assured less any sum total of Survival Benefits already paid). Where, Paid Up Sum Assured =(Number of Instalment Premiums received / Total number of Instalment Premiums payable for the Premium Paying Term)*Sum Assured The Special Surrender Value Factors shall be determined based on Our past financial and demographic experience and likely future experience. These may be reviewed from time to time depending on changes in internal and external experience and likely future experience, with prior approval from IRDAI
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Special Surrender Value means the value as specified in Part D of this Policy.
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