For the plan under consideration, there was mention of
Guaranteed Surrender Value Factors for premium and guaranteed additions and non-
guaranteed surrender value factors for calculation of special surrender value.
This is the sum total of the premiums you paid multiplied by the «
guaranteed surrender value factor.»
Guaranteed Surrender Value Factor x Total premiums paid (up to the date of surrender, excluding taxes and extra premiums if any) less Survival Benefit (i.e. Child Benefit) paid, if any
Surrender Value = A
Guaranteed Surrender Value factor * Paid - up value.
When all due premiums are not paid, Surrender Value = A
Guaranteed Surrender Value factor * Paid - up value When all due premiums are paid, Surrender Value = A
Guaranteed Surrender Value factor * Total annualized premiums paid
You want to surrender the policy — If least 3 years» premiums have been paid for a Premium Paying Term of 10 years and 2 years» premiums have been paid for a Premium Paying Term of 5 or 7 years the policy acquires Surrender Value which depends on
the Guaranteed Surrender Value Factor as a percentage of the premiums paid.
If least 3 years» premiums have been paid for a Premium Paying Term of 10 years and 2 years» premiums have been paid for a Premium Paying Term of 5 or 7 years the policy acquires Surrender Value which depends on
the Guaranteed Surrender Value Factor as a percentage of the premiums paid.
Not exact matches
The
value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) where GSV = (GSV Factor * Total Premiums paid)-- Survival Benefits already
value will be higher of the
Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) where GSV = (GSV Factor * Total Premiums paid)-- Survival Benefits already
Value (GSV) or Special
Surrender Value (SSV) where GSV = (GSV Factor * Total Premiums paid)-- Survival Benefits already
Value (SSV) where GSV = (GSV
Factor * Total Premiums paid)-- Survival Benefits already paid
Surrender Value is defined as higher of Guaranteed Surrender Value or Special Surrender Value.The GSV / SSV factors will depend on the year of surrender and not on the date of premium discontinuance.The GSV will be a percentage of Total Annualised premiums paid as expressed in the sale
Surrender Value is defined as higher of
Guaranteed Surrender Value or Special Surrender Value.The GSV / SSV factors will depend on the year of surrender and not on the date of premium discontinuance.The GSV will be a percentage of Total Annualised premiums paid as expressed in the sale
Surrender Value or Special
Surrender Value.The GSV / SSV factors will depend on the year of surrender and not on the date of premium discontinuance.The GSV will be a percentage of Total Annualised premiums paid as expressed in the sale
Surrender Value.The GSV / SSV
factors will depend on the year of
surrender and not on the date of premium discontinuance.The GSV will be a percentage of Total Annualised premiums paid as expressed in the sale
surrender and not on the date of premium discontinuance.The GSV will be a percentage of Total Annualised premiums paid as expressed in the sale brochure
Guaranteed Surrender Value = (Total premiums paid excluding premium towards Service Tax, rider and underwriting extra, if any, less Accrued Fixed Regular Additions already paid x GSV Premium Factor) + (Cash value of Accrued Fixed Regular Addit
Value = (Total premiums paid excluding premium towards Service Tax, rider and underwriting extra, if any, less Accrued Fixed Regular Additions already paid x GSV Premium
Factor) + (Cash
value of Accrued Fixed Regular Addit
value of Accrued Fixed Regular Additions)
Total premium paid x
Guaranteed Surrender Value (GSV)
factor.