Special surrender value = (Original sum assured * (No. (policybazaar.com)
While it is true that approval of the increased sum is subject to acceptance by the new insurer's underwriter, it is also true that new insurers have to provide at least the minimum insurance equal to the old policy's original sum insured. (policybazaar.com)
Mr Gupta, 35 years old, buys Max life Online term Plan Plus (M) in Jan 2017 for Rs. 1 Cr Sum Assured (original sum assured) with 30 years term with CI option of Rs. 25 Lacs amounting to Rs. (comparepolicy.com)