Is partial withdrawal and surrender - one and same thing?

Is partial withdrawal and surrender - one and same thing?

Partial withdrawal of a policy implies withdrawal of only a part of the funds of your policy. But in surrender the policy is surrendered and the cash value is withdrawn.

What is partial withdrawal in ULIP?
Partial withdrawal means that you can withdraw money from the policy investment corpus without closing your plan fully.
More info - http://www.policywala.com/forum/show...drawal-in-ULIP

What is surrender value?
It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity.
More info - http://www.policywala.com/forum/show...urrender-value