The policy will terminate on payment of the surrender value and no more benefits will be payable. (coverfox.com)
If the plan is surrendered after 5 completed policy years, the policyholder will receive the entire Fund value on the date of surrender without any charges. (policybazaar.com)
The beneficiary will get the loyalty addition at the time of surrender of the policy or in case of insured's death. (policyx.com)