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Thread: Is partial withdrawal and surrender - one and same thing?

  1. #1
    PolicyWala Newbie
    Join Date
    Mar 2009
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    Lightbulb Is partial withdrawal and surrender - one and same thing?



  2. #2
    Administrator
    Join Date
    Apr 2009
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    Chennai
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    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 But in surrender the policy is surrendered and the cash value is withdrawn.
    You will pick up maximum wrong numbers when on roaming.

  3. #3
    PW Stalwart >take's Avatar
    Join Date
    Jun 2009
    Location
    India
    Posts
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    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


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