IIIUSION
Arch-Supremacy Member
- Joined
- Nov 14, 2001
- Messages
- 10,678
- Reaction score
- 452
Say if my currently plan is for 100k sum assured and instead of surrendering, I do a Partial withdrawal(Reduced sum assured) to 20k(which is the minimum assured for this plan), will there be any major penalty to take note of?
Will my yearly premiums be cut accordingly will I also get back 80% of the premiums paid so far?
If the above is correct, choosing to reduce the sum assured(to the minimum) will result in almost no loss when compared to surrendering my plan.
Am I getting it right?
Will my yearly premiums be cut accordingly will I also get back 80% of the premiums paid so far?
If the above is correct, choosing to reduce the sum assured(to the minimum) will result in almost no loss when compared to surrendering my plan.
Am I getting it right?
