In case the surrender request is received before completion of first five policy years, the fund value after deduction of applicable surrender charges, if any (oneinsure.com)
In case you do not renew the policy, we will pay you the fund value * after deducting applicable surrender charges if any. (bharti-axalife.com)
Pension plans do offer surrender value or benefits in times of exigencies after paying applicable surrender charges, if any. (comparepolicy.com)