Phrases with «policy surrender»

"Policy surrender" refers to the act of giving up or canceling an insurance policy before its maturity or expiration date. It means that the policyholder decides to terminate the policy and does not want to continue with it anymore. Full definition

Related phrases

Sentences with «policy surrender»

  • Guaranteed Income Plan does not allow policy surrender before end of term. (life.indiainsured.com)
  • No bonuses would accrue in respect of policies surrendered within 5 years from the commencement date. (relakhs.com)
  • If the policy has accumulated any bonus, then he shall also a cash value of total amount on policy surrender. (policybazaar.com)
  • (see all sentences)
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