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Glossary > S > "Surrender" Definition

Surrender

Where you cancel an investment or policy and usually receive a reduced payout, due to the impact of charges.

The encashment of a life policy, for example an endowment assurance policy, by the assured, prior to its maturity.

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Surrender - Where you cancel an investment or policy and usually receive a reduced payout, due to the impact of charges.

The encashment of a life policy, for example an endowment assurance policy, by the assured, prior to its maturity.

Surrender : where you cancel an investment or policy and usually receive a reduced payout, due to the impact of charges.

the encashment of a life policy, for example an endowment assurance policy, by the assured, prior to its maturity.