If this Policy is surrendered during the Lock in Period, the Fund Value to the Pension Discontinuance Policy Fund is credited after
deducting the applicable Surrender Charges.
In case of a Unit Linked Life Insurance Policy, if the policyholder chooses to withdraw the policy completely, before the completion of 5 years, then the Fund Value after
deducting the applicable surrender charges are transferred to the Discontinued Policy Fund.
In case you do not renew the policy, we will pay you the fund value * after
deducting applicable surrender charges if any.
Not exact matches
If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares
surrendered to the Trustee (after
deducting or upon payment of, in each case, the fee to the Trustee for the
surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any
applicable taxes or other governmental
charges).
Determined by a formula that measures the change in the U.S. Treasury Constant Maturity yield plus the
applicable Barclays Capital U.S. Corporate Bond Index, the MVA will add or
deduct an amount from your annuity or from the withdrawal amount you receive.4 A MVA only applies when the policyowner
surrenders or makes a withdrawal from the contract that is greater than the
surrender -
charge - free withdrawal amount during the
surrender charge period.
If policy is
surrendered before the completion of lock - in period of 5 policy years from the policy commencement date, the
Surrender Value equal to Fund Value less
applicable Discontinuance
Charge will be kept in the Discontinued Policy Fund and no subsequent
charges other than Fund Management Charges for discontinued policy fund will be de
charges other than Fund Management
Charges for discontinued policy fund will be de
Charges for discontinued policy fund will be
deducted.
If the
surrender of the Policy is done within the Lock in Period, Co. will credit the Fund Value by creation of Units into the Discontinuance Policy Fund after deducting applicable Discontinuance / Surrender
surrender of the Policy is done within the Lock in Period, Co. will credit the Fund Value by creation of Units into the Discontinuance Policy Fund after
deducting applicable Discontinuance /
SurrenderSurrender Charges.
Surrender Charges: A surrender charge may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy co
Surrender Charges: A
surrender charge may be deducted for premature partial or full encashment of units wherever applicable, as mentioned in the policy co
surrender charge may be
deducted for premature partial or full encashment of units wherever
applicable, as mentioned in the policy conditions.