Special Surrender Value definition
Special Surrender Value means the special surrender value computed in accordance with Clause 1.6 of Part D;
Special Surrender Value means an amount which is calculated in the following manner:
Examples of Special Surrender Value in a sentence
This Special Surrender Value will always be greater than or equal to the Guaranteed Surrender Value.
Special Surrender Value is not guaranteed and may be revised by the Company from time to time.
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.
The Surrender Value payable will be equal to the higher of Guaranteed Surrender Value and Special Surrender Value.
Where, Year of Surrender Policy Term Your Policy also acquires a Special Surrender Value (SSV).
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) x Sum Assured
Special Surrender Value means the special surrender value which is payable in accordance with Section 4.
Special Surrender Value means the amount computed in accordance with Clause 1.7 of Part D;