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You can Surrender Bajaj Allianz Life insurance policy online on our portal. Surrender value is the amount of premium refunded to the policyholder after a few years of premium payment. The surrender value is paid to the policyholder at the time of surrender.
The surrender value of Bajaj Allianz Life insurance policy is calculated as a Single premium multiplied by 75% of the outstanding term to maturity/ total term.
The total monetary worth of the units owned by the policyholder is termed as fund value. You can calculate the fund value on a particular day by multiplying the net asset value (NAV) of each unit on that particular day by the number of units held. The fund value keeps changing basis the NAV.
The paid-up value is calculated as original sum assured multiplied by the quotient of the number of paid premiums and number of payable premiums. On discontinuing a policy, you get special surrender value, which is calculated as the sum of paid-up value and total bonus multiplied by surrender value factor.
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Guaranteed surrender value is mentioned in the brochure and is payable after the completion of 3 years. It is 30% of the premiums paid, excluding premium for the first year. It also excludes any additional premium paid for riders and any bonus that you may have received from the insurer.
The surrender value of Bajaj Allianz Life insurance policy is calculated as a Single premium multiplied by 75% of the outstanding term to maturity/ total term.
To calculate your cash surrender value, take the total cash value (premiums you've paid minus the death benefit premiums) and subtract any surrender fees and charges the life insurance company charges (read the fine print on your policy).
Policy surrender or cancellation form. Latest contact details. NRE bank statement reflecting any premiums paid from the NRE account.... Original policy documents. Copy of CI or YPD submitted for the withdrawal request (carry original documents for verification in the branch) Canceled cheque of the insured's name.
After logging in to the customer portal; the customer has an option to subscribe to or unsubscribe from the 'Fund Update SMS' facility in 'Service Requests' option. The customer can choose the frequency of the updates \u2013 daily, weekly or monthly.

how to check surrender value of bajaj allianz policy online