What happens if you terminate your policy before the end of its tenure?
What happens if you terminate your policy before the end of its tenure?
If the policyholder dies (before the policy matures), then the higher of the paid-up sum assured or 105 per cent of the premium is paid to the nominees. Take, for example, an endowment plan for a sum assured of Rs 10 lakh for a term of 20 years, which has an annual premium of Rs 47,000. Nov 16, 2016
