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What happens when I surrender my Endowment Policy?

By IndianMoney , 3 months ago

The policyholder can surrender endowment life policy only after 2 years of holding the policy. This is possible only if the endowment policy has a premium paying term, less than 10 years. You get 30% of the premiums you have paid in the first year and second year of the endowment policy. If the premium paying term is more than 10 years, then you have to surrender the policy only after 3 years.

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