As per Lawkidunya, Procedure of Surrender as Per Law in Pakistan. This is known as surrender of the policy, wherein the surrender value of the policy is paid out to the policy holder. A policy acquires surrender value when the policy is in force and the mandatory lock in period is completed. Typically, a policy with three years of successful premiums paid acquires a surrender value.
What is the Procedure of Surrender as Per Law in Pakistan
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