surrender of state life policy
surrender of state life policy You had determined to shop for associate contract for the protection of yourself and your precious ones.
After the surrender, the policy loses all the advantages and facilities and your risk coverage ceases. Hence for the benefit of yours and your loved ones,
we suggest you change your mind about surrendering this policy.
If you have got some acute money exigencies, you can meet them by availing loan against your policy.
If you have finally decided to surrender your policy, u will come to our zonal office where is your policy take the surrender calculation sheet verified your bank account on this sheet and also complete ur surrender application form with the copy of id card and policy bond also attached.
state life might grant a loan to the client on his/her written request, against the net surrender value of the policy. the amount of loan shall not exceed eightieth of the aforementioned web surrender price. the rate of profit or come and therefore the different terms and conditions are determined by state life at the time of granting the loan.loans of less then RS will not be given.
the amount of loan together with accrued profit or return will be the first charge on the policy, prior to all other claims.
Procedure for policy surrender:
The policy can acquire a surrender price once it’s been effective for a minimum of 2 consecutive years provided no premiums area unit in default. The surrender price are quoted by state life for the asking of the client. the surrender price is absolute to be not but half-hour mixture premiums.
State Life insurance policies provide a wide range of benefits in case of death of the persons covered against them. If your lover coated underneath any of State Life has invalid, you should lodge a death claim with us. All you have got to try to to is to send a written intimation to the zonal workplace of State Life conjugation the policy against that you’re lodging a death claim.
It is a matter of nice pleasure that your policy has matured. It is a time to meet the goals that you simply had set years back. For assembling maturity edges, please send a written request alongwith following documents to your conjugation State Life zonal office: