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The document is a Surrender/Withdrawal Form for Global Investment Plans, outlining the implications of early full or partial withdrawal of an investment-linked insurance policy. It highlights potential loss of benefits, additional charges incurred from new policies, and options for fund switching. The form requires acknowledgment from the policy owner and adviser regarding the consequences of withdrawal, along with necessary documentation for processing requests. Important notes detail requirements for valid submissions and payment settlements.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can I surrender my Aviva life insurance?

Aviva Saral Jeevan Bima Plan Youll get surrender value of the policy after deducting applicable surrender charges. Charge structure varies from policy to policy. In most cases if surrender is made within the first 3 policy years, the surrender value will be paid after completion of 3 policy years.

Can you ever cash out a life insurance policy?

You can cash out a life insurance policy. How much money you get for it will depend on the amount of cash value held in it. If you have, say $10,000 of accumulated cash value, you would be entitled to withdraw up to all of that amount (less any surrender fees). At that point, however, your policy would be terminated.

What is a surrender request form?

A surrender form for a life insurance policy simply cancels the policy. When the policy is canceled, you will receive its surrender value - the cash value (the balance in your policys cash value account) minus the surrender fees.

Can I cash in Aviva life insurance?

There is no cash-in value at any time. If premiums stop the cover will end. Our Life Insurance Plan with level cover provides an amount of cover that stays the same over time.

How do I withdraw money from my Aviva bond?

Did you know you may be able to withdraw money from your bond over the phone? If youd like to make your request over the phone, contact us on 0800 096 8859 to see if youre eligible.

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Can you cash out aviva life insurance?

Once youve had your policy for 30 years, or from the soonest policy anniversary after your 90th birthday, youll no longer pay anything, but your cover will continue. It cant be taken out as a joint policy. Its a whole of life policy that pays out on death. Theres no cash-in value at any time.

How long does it take for Aviva to pay out?

Once weve collected the information we need, well get in touch to explain what happens next. If your claim is successful, well usually pay out within five working days. If we cant pay out, well explain why.

How to surrender an Aviva policy?

The policyholder has to provide complete details along with related documents. Both the policyholder and the life insured have to sign the form. If the policyholder is different from the life insured. Complete and submit the form to the nearest Aviva India Life Insurance branch.

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Can I surrender my Aviva life insurance?

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