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You can Surrender Bajaj Allianz Life insurance policy online on our portal. Surrender value is the amount of premium refunded to the policyholder after a few years of premium payment. The surrender value is paid to the policyholder at the time of surrender. Surrender is only allowed for single premium cases where the premium is paid lump sum to the insurance company. Surrender benefits will be paid immediately on the request, surrender is allowed from the first policy year. The surrender value is paid as per the plan option opted by the policyholder.
To download a Bajaj Allianz life insurance policy statement, you typically need to follow the below steps.
Bajaj Allianz Life Insurance Company offers a free-look period during which the policyholder can cancel the policy if they are not satisfied with the terms and conditions and receive a refund of premiums paid. The free-look period is usually 15 days to 30 days from the date of receiving the policy document.
To check the surrender value of a Bajaj Allianz life insurance policy, you can follow the below steps:
The fund value in Bajaj Allianz Life Insurance refers to the current monetary worth of your investments within a unit-linked insurance plan (ULIP). The fund value varies based on the performance of the investment funds you have chosen within your policy.
Fund switch in Bajaj Allianz Life Insurance refers to the option available to policyholders to reallocate or transfer their investments from one fund option to another within their unit-linked insurance plan (ULIP). This allows policyholders to adjust their investment strategy to align with their changing financial goals and risk tolerance.
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