The policy acquires a surrender value from the end of third policy year subject to the payment of three full year's premiums. (oneinsure.com)
Insurers may give an opportunity for revival within the period allowed; if the policy is not revived within that period, surrender value shall be paid at the end of third policy anniversary or at the end of the period allowed for revival, whichever is later. (blogs.bajajallianzlife.com)
In fact, over 70 percent of residents in the United States will opt to include comprehensive and collision coverage (full coverage) on third policy [1]. (carinsurancequote.net)