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  • News From Press Your money: Know how surrender charges on your policy are calculated

    Your money: Know how surrender charges on your policy are calculated

    Source: ET Aug 4, 2023

    WHY DO INSURERS impose high surrender charges if a policyholder wants to surrender his life insurance policy early in the policy term? Well, while both customers and insurers gain if the policies are kept in force for a long term if not the entire term, there are real economic reasons why insurers have to keep the surrender charges high in case policyholders look for an early separation.

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