"Policy commencement" refers to the beginning or starting point of a policy. It is the moment when a policy or agreement officially takes effect and begins to be enforced or implemented. Full definition
For single premium policies, surrender value can be acquired immediately after policy commencement date. (comparepolicy.com)
Every plan has a different look - back period, but it is usually around 2 - 3 months prior to the date of policy commencement. (policybazaar.com)
It will also pay you a «fund booster» or a top - up on the value of your annual premium after 10, 15 and 20 years from policy commencement. (rupeeiq.com)