News From Press What you stand to benefit and lose on surrendering a life insurance policy

What you stand to benefit and lose on surrendering a life insurance policy

Source: The Economic Times Sep 25, 2018

One in four life insurance buyers do not renew their policy after paying the first premium.

Premature termination or surrender after the minimum lock-in translates to total loss of premiums paid or reduced benefits.

ET Wealth calculates the benefits and losses one stands to incur at various stages of a policy.

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