My cousin has this metlife suvidha par policy where this 26 years policy has 4 lakh face value and 3 lakh additional accidental death benefit.So total 7 lakhs in accidental case and 4 lakh for any other.The person pays 19000 approxmate yearly bonus upto 10 years and already 7 payments done and 8th is due on first week of march.

So far the guaranteed surrender value shown is 46000 something for 1 lakh 33000 premium paid.Also the bonus amount shown s 63000.

So say if my cousin surrenders the policy now will she get

1:: 46000=Guaranteed surrender value only.

2::63000=Bonus amount only.

3::46000+63000=99000 Both guaranteed and bonus amount ?
The Met Life's Met Suvidha (Par) Policy brochure doesn't talk about bonus (whether the bonus will also be paid during the surrender of the policy). I hope that they will only pay the Guaranteed Surrender Value to you. So it will be equal to 30% of the premiums paid, excluding first premium, any extra premium and rider premium, if any.

Annual Premium Amount - 19,000
Already Paid Premium for years - 7 Years
Total Premium Paid - (19,000 X 7) = 133,000

Deduct first year premium = (133,000 - 19,000) = 114,000
Guaranteed Surrender Value @ 30% Premium Paid (excluding first premium) - 114,000 X 30/100 = 34200*

*I am not getting the right amount (46,000) as mentioned by you above, where am I wrong?