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Once the documents are sent to the insurance company, upon verification, the insurance company will process the maturity claim and make the payment to the policyholder. The maturity proceeds will be credited directly to the bank account of the policyholder after the policy maturity date.
Guaranteed Surrender Value is available after three years of holding the life insurance policy. This value is usually around 30% of the premiums you have paid, not including the first year.
The surrender value of Kotak Mahindra Life insurance policy is calculated as a Single premium multiplied by 75% of the outstanding term to maturity/ total term.
How to calculate returns from a ULIP Subtract initial NAV from current NAV. Divide the value by the initial NAV. Multiply the figure obtained in step 2 with 100 to get a percent value.
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People also ask

Maturity value is the amount the insurance company has to pay an individual when the policy matures. This would include the sum assured and the bonuses. If the policy holder passes away before the policy matures, the beneficiary gets the sum assured along with the bonus too (if any).
Surrender Policy: The surrender form and reason(s) for policy surrender needs to be submitted at the nearest Kotak Life Insurance Branch, along with the following documents: Original policy documents. Canceled cheque with the policyholder's name on it.
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.
You can surrender your policy before maturity. Post payout of the Surrender Value, the policy gets terminated.
Maturity Claims: 1) In case of Endowment type of Policies, amount is payable at the end of the policy period. The Branch Office which services the policy sends out a letter informing the date on which the policy monies are payable to the policyholder at least two months before the due date of payment.

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