{"id":2394,"date":"2023-10-25T11:15:40","date_gmt":"2023-10-25T11:15:40","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=2394"},"modified":"2023-10-25T11:15:41","modified_gmt":"2023-10-25T11:15:41","slug":"kotak-life-insurance","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/life-insurance\/kotak-life-insurance\/","title":{"rendered":"Kotak Life Insurance: Policies, Premium & Benefits"},"content":{"rendered":"\n

Kotak Life is a rapidly expanding insurance company that offers a variety of life insurance options, including term policies, savings and investment policies, and retirement plans. Kotak Life’s insurance policies are designed to be accessible and easy to purchase, whether you prefer to do it online or in person. Women policyholders and those who choose larger coverage amounts also receive premium discounts from the company. In this article, we will discuss the benefits of Kotak life insurance, policy types, their competitors, and how to buy the insurance policy online.<\/p>\n\n\n\n

Kotak Life Insurance Overview<\/strong><\/span><\/h2>\n\n\n\n

Kotak Life Insurance is a division of the famous Indian financial services conglomerate, Kotak Mahindra Group. Since its inception in 2001, Kotak Life Insurance has grown to satisfy the needs of a wide range of customers in the life insurance sector.<\/p>\n\n\n\n

Term, savings, investment, child, and retirement life insurance are just some of the options you’ll find with this service. The funds from these plans can be used to ease the financial burden on a person’s family in the event of their death, disability, or terminal illness. Kotak Life Insurance is dedicated to ensuring the safety of its customers by offering them high-quality insurance policies.<\/p>\n\n\n\n

Kotak Life Insurance has become well-liked due to its cutting-edge features, transparent insurance plans, and kind, knowledgeable agents. Because of its many branches and freelancers, it is able to serve a sizable clientele. They promote the importance of saving money and getting life insurance to ensure their members’ financial security and that of their families in the event of their untimely deaths.<\/p>\n\n\n\n

Types of Kotak Life Insurance Policies<\/strong><\/span><\/h2>\n\n\n\n

One of the numerous factors contributing to Kotak Mahindra Limited’s rise to prominence as a leading insurer in India is the quality of its offerings. The company has a wide variety of policies available, so no matter what kind of protection, savings and investment, child, or retirement planning services you’re looking for, you’ll be able to find what you’re looking for here. The Kotak Mahindra Life Insurance Company offers the following various life insurance policies:<\/p>\n\n\n\n

#1. Kotak Mahindra Term Insurance Plans<\/span><\/h3>\n\n\n\n

Term life insurance policies are financial safety nets meant to protect you financially in the event of the unthinkable. Having term life insurance in place might ease the financial burden on your loved ones when you pass away. When a policyholder has term insurance, his or her loved ones are protected financially in the event of the policyholder’s untimely death. As a result of the coronavirus epidemic, Kotak Life Insurance Company’s term insurance policies have become extremely popular.<\/p>\n\n\n\n

Kotak Mahindra Life Company Ltd. provides the following term life insurance policies:<\/p>\n\n\n\n

Kotak e-Term Insurance Plan<\/strong><\/span><\/h4>\n\n\n\n

The Kotak e-Term Plan is a digitally delivered life insurance policy that safeguards the insured’s loved ones financially in the event of the insured’s untimely demise. This plan’s death benefit will provide financial security for the policy’s beneficiary in the event of the insured’s untimely passing.<\/p>\n\n\n\n

The premiums for this plan are rather cheap, and there are a variety of ways to pay them. Financial security at affordable premiums and life coverage throughout the insured person’s life span are both provided by this plan, which offers three payout options, including instant payout, level recurring payout, and growing recurring payout.<\/p>\n\n\n\n

Kotak Saral Jeevan Bima Plan<\/strong><\/span><\/h4>\n\n\n\n

The Kotak Saral Jeevan Bima Plan is a pure-risk premium insurance plan for individuals that is non-linked and non-participating. Your loved ones will be safe with Kotak Saral Jeevan Bima. The insured’s loved ones will be covered in the event of a catastrophe, thanks to this policy.<\/p>\n\n\n\n

This plan’s death benefit will provide financial security for the policy’s beneficiary in the event of the insured’s untimely passing. This policy provides lifetime protection up to age 70. The premiums for this plan are rather cheap, and there are a few different ways to pay them.<\/p>\n\n\n\n

Kotak Term Life Insurance Plan<\/strong><\/span><\/h4>\n\n\n\n

Kotak Term Plan is a pure-risk cover plan that offers life insurance protection to the insured’s loved ones in case of the insured’s untimely demise. In addition, you can change your Kotak Term Plan into a Kotak Life Insurance Policy at any time.<\/p>\n\n\n\n

Also, this plan provides extensive coverage for a low monthly price and a variety of convenient payment plans. The benefits of this plan’s riders and tax advantages increase the insurance policy’s protection. You have the option of switching from Kotak’s term plan to one of their other plans if you enroll in one of their life insurance policies.<\/p>\n\n\n\n

#2. Kotak Mahindra Life Savings and Investment Plans<\/span><\/h3>\n\n\n\n

The Kotak Life Insurance Savings and Investment Plan combines the functions of insurance and savings accounts. It offers a wide variety of investment and savings options, allowing policyholders to build money over time and provide for their loved ones in the event of the policyholder’s untimely demise. You can use the money to pay for things like your kids’ college tuition, your wedding, your retirement, etc. Kotak Life Insurance provides several investing and savings products for its clients.<\/p>\n\n\n\n

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  • Kotak Invest Maxima Plan: The Kotak Invest Maxima Plan is an insurance and investment product. As an added bonus, the insured’s loved ones are protected financially in the event of the insured’s untimely demise. There are a total of five different funds available in the plan.<\/li>\n\n\n\n
  • Kotak Single Invest Plus Plan: In order to enroll in the Kotak Single Invest Plus Plan, the policyholder must make a one-time, full premium payment. This policy includes a variety of investment alternatives and a life insurance rider.<\/li>\n\n\n\n
  • Kotak Platinum Plan: The Kotak Platinum Plan is an adaptable unit-linked insurance policy that provides policyholders with a choice of three investment options.<\/li>\n\n\n\n
  • Kotak Ace Investment Plan: To provide financial security for the insured’s loved ones and the opportunity to earn investment returns, Kotak has created the Kotak Ace Investment Plan, a unit-linked insurance policy.<\/li>\n\n\n\n
  • Kotak Premier Endowment Plan: If you’re looking for a savings and insurance plan that would protect your loved ones in the event of your untimely demise, look no further than the Kotak Premier Endowment Plan, which offers a guaranteed addition for the first five years of your policy.<\/li>\n\n\n\n
  • Kotak Premier Moneyback Plan: The Kotak Premier Moneyback Plan is a variable-pay moneyback policy that pays the insured a lump sum at specific times.<\/li>\n<\/ul>\n\n\n\n

    #3. Kotak Mahindra Life Insurance Retirement Plans<\/span><\/h3>\n\n\n\n

    The goal of a Kotak Mahindra retirement plan is to ensure the retiree’s financial security in their golden years. Kotak Life Insurance’s retirement plans are a great way to save money over the long haul and set up a reliable stream of income for the covered person’s loved ones.<\/p>\n\n\n\n

    Kotak Life Insurance’s retirement policies include the following:<\/p>\n\n\n\n

      \n
    • Kotak Premier Pension Plan: The Kotak Premier Pension Plan is a conventional participating pension plan that allows the insured to save for retirement.<\/li>\n\n\n\n
    • Kotak Lifetime Income Plan: After receiving a lump sum premium payment, policyholders of the Kotak Lifetime Income Plan, a non-linked, instant annuity plan, will begin receiving a guaranteed income stream in the form of an annuity.<\/li>\n\n\n\n
    • Kotak Assured Pension Plan: The Kotak Assured Pension Plan is a life insurance annuity plan that is both non-linked and non-participating.<\/li>\n<\/ul>\n\n\n\n

      #4. Kotak Mahindra Life Insurance Health Plans<\/span><\/h3>\n\n\n\n

      The various stages of cancer, heart disease, liver disease, and neurological disorders are all covered by the Kotak Health Shield Plan, a critical illness insurance plan that provides a fixed payout. In addition, you can obtain coverage for any monetary losses that may occur as a result of an accident. That’s why you need to prepare for unforeseen healthcare expenses now rather than waiting until it’s too late.<\/p>\n\n\n\n

      Kotak Life Insurance’s health care plan is as follows:<\/p>\n\n\n\n

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      • Kotak Health Shield Plan: The Kotak Health Shield Plan is a critical illness insurance policy that provides protection against a wide range of potentially fatal diseases and ailments.<\/li>\n<\/ul>\n\n\n\n

        #5. ULIPs<\/span><\/h3>\n\n\n\n

        Life insurance policies that are unit-linked are designed to serve as a savings and investment vehicle. The payments you make go into market-linked funds that you manage. You have complete control over the policy’s investment strategy, including the premium level, sum assured, and underlying investment fund. The premium is invested, and its value rises in tandem with the market. More of the money assured or the value of the fund, is paid out in the event of death. The value of the fund, however, is distributed only upon plan maturity. Since investment returns are subject to market fluctuations, ULIPs cannot promise a certain rate of return.<\/p>\n\n\n\n

        How Do I Buy Kotak Life Insurance Policies Online?<\/strong><\/span><\/h2>\n\n\n\n

        Kotak life insurance policies can be bought online, where the process is speedy and convenient. Kotak life insurance policies can be purchased quickly and easily through PayBima, an online payment platform. Here are the measures to take when shopping online:<\/p>\n\n\n\n

        #1. Fill Out and Submit the Application<\/span><\/h3>\n\n\n\n

        To purchase life insurance, go to the PayBima website and select the appropriate button. The next time you use PayBima, you’ll be prompted to fill out a form so that we can better understand your needs and match you with the best possible plan. Complete the form and hit “Submit” to send it off to PayBima.<\/p>\n\n\n\n

        #2. Explore and Compare the Various Packages on the Market<\/span><\/h3>\n\n\n\n

        In addition to Kotak Life Insurance policies, PayBima will display other policies that meet your needs when you submit the application form. It will provide some of the greatest options for life insurance that you may choose from. PayBima allows you to evaluate several plans side by side so you can make an informed decision about which one to purchase. Kotak Life Insurance products can be compared to other insurers’ plans in terms of coverage and premium costs.<\/p>\n\n\n\n

        #3. Completing and Signing the Proposal Form<\/span><\/h3>\n\n\n\n

        After deciding on a plan, you’ll need to fill out a proposal form. Personal information like name, address, coverage information, medical history, financial information, etc. are all included in the proposal form. Be sure you’re giving them accurate details. Make sure to include any relevant medical information on the proposal form. The proposal cost is based on the information you provide about your coverage needs.<\/p>\n\n\n\n

        #4. Upload Your Document<\/span><\/h3>\n\n\n\n

        In addition to the insurance policy proposal form, you’ll need to attach a number of supporting papers in order to complete the online purchase of the insurance plan with PayBima. Include the following files while submitting your proposal form:<\/p>\n\n\n\n

          \n
        • A valid proof of address such as your Aadhar Card, passport, electricity bill, driving license, Voter\u2019s ID card, rent agreement, utility bills, etc.<\/li>\n\n\n\n
        • A valid proof of identity such as your passport, PAN Card, driver’s license, voter ID card, Aadhaar card, PAN card, etc.<\/li>\n\n\n\n
        • Age proof such as your Aadhaar Card, passport, Voter ID, driving license, birth certificate, etc.<\/li>\n\n\n\n
        • Income proof of income, which can be Form 16, bank statements, salary slips, your financial statements, etc.<\/li>\n\n\n\n
        • Passport-size photographs.<\/li>\n<\/ul>\n\n\n\n

          #5. Checkup for Issuance<\/span><\/h3>\n\n\n\n

          If you are of advanced age or have opted for a large sum assured, you may be required to submit to a pre-issuance medical examination before your insurance policy is issued. A medical exam or screening is required before the policy can be granted if you have a preexisting condition or a family history of a serious illness.<\/p>\n\n\n\n

          #6. Paying the Insurance Premium<\/span><\/h3>\n\n\n\n

          After submitting the proposal form and supporting documentation, you will be required to pay the premium as calculated and displayed. You can buy a Kotak life insurance policy and have the policy copy sent to your inbox after making an online premium payment.<\/p>\n\n\n\n

          Benefits of Kotak Life Insurance<\/strong><\/span><\/h2>\n\n\n\n

          Kotak Life Insurance offers several benefits to its policyholders, aiming to provide financial security and peace of mind. Here are seven key benefits of Kotak Life Insurance policies:<\/p>\n\n\n\n

          #1. Financial Protection<\/span><\/h3>\n\n\n\n

          Kotak Life Insurance policies provide a financial safety net for your family in case of your unfortunate demise. The insurance payout (death benefit) helps your loved ones cover living expenses, debts, and other financial obligations.<\/p>\n\n\n\n

          #2. Income Replacement<\/span><\/h3>\n\n\n\n

          In the event of your death, the insurance payout acts as an income replacement, ensuring that your family\u2019s financial needs are met and allowing them to maintain their lifestyle and meet future goals.<\/p>\n\n\n\n

          #3. Tax Benefits<\/span><\/h3>\n\n\n\n

          Premiums paid towards Kotak Life Insurance policies are eligible for tax benefits under Section 80C of the Income Tax Act. Additionally, the maturity benefits and death benefits received are usually tax-free under Section 10(10D), subject to the provisions of the law.<\/p>\n\n\n\n

          #4. Long-Term Savings<\/span><\/h3>\n\n\n\n

          Certain Kotak Life Insurance plans, such as endowment and whole-life policies, serve as long-term savings instruments. They help you build a corpus over the policy term, which can be used to meet various financial goals like buying a house, funding your child\u2019s education, or planning for retirement.<\/p>\n\n\n\n

          #5. Investment Opportunities<\/span><\/h3>\n\n\n\n

          Kotak Life Insurance offers investment-linked products like Unit-Linked Insurance Plans (ULIPs). These plans allow you to invest in market-linked funds, potentially offering higher returns over the long term, along with life insurance coverage.<\/p>\n\n\n\n

          #6. Flexibility and Customization<\/span><\/h3>\n\n\n\n

          Kotak Life Insurance policies often come with flexible features, allowing you to customize your coverage based on your specific needs. You can choose the policy term, premium payment frequency, and additional riders (such as critical illness or accidental death riders) to enhance your coverage.<\/p>\n\n\n\n

          #7. Peace of Mind<\/span><\/h3>\n\n\n\n

          Lastly, having a Kotak Life Insurance policy provides peace of mind, knowing that your family is financially protected. It eliminates the worry of leaving your loved ones financially vulnerable and ensures their well-being, even when you are not around.<\/p>\n\n\n\n

          Can I Surrender Kotak Life Insurance Policy?<\/strong><\/span><\/h2>\n\n\n\n

          Yes, in most cases, you can surrender a Kotak Life Insurance policy. Surrendering a life insurance policy means terminating the policy before its maturity date and cashing in its accumulated cash value. However, the terms and conditions for surrendering a policy, as well as the surrender value, can vary based on the specific policy you have and how long you have been paying premiums.<\/p>\n\n\n\n

          It\u2019s crucial to understand that surrendering a life insurance policy often involves certain charges and penalties. These charges can significantly reduce the surrender value you receive. Additionally, surrendering a policy means you will no longer be eligible for the insurance coverage and associated benefits.<\/p>\n\n\n\n

          Before deciding to surrender your Kotak Life Insurance policy, it\u2019s highly recommended to carefully review the policy documents and contact Kotak Life Insurance customer service or your insurance advisor. They can provide you with detailed information about the surrender process, applicable charges, and the impact it may have on your financial situation. In addition, surrendering a policy is a significant decision, and it\u2019s essential to make an informed choice based on your individual circumstances and financial goals.<\/p>\n\n\n\n

          Kotak Life Insurance Competitors<\/strong><\/span><\/h2>\n\n\n\n

          Having life insurance is the most critical kind of financial security. To select the best life insurance company in India for your specific requirements, you need to research and evaluate your options.<\/p>\n\n\n\n

          Kotak Mahindra Life Insurance is a leading supplier of life insurance in India. After more than a decade in business, this private life insurance provider has become one of the largest in the United States. It provides its Indian customers with life insurance options.<\/p>\n\n\n\n

          However, there are cheaper and more flexible competitors to Kotak Mahindra Life Insurance. Here are some of them:<\/p>\n\n\n\n

          #1. Max Life Insurance<\/span><\/h3>\n\n\n\n

          The Max Life Insurance Company is one of the most notable and strong competitors to Kotak in the country of India. Financial services providers Max Financial Services Limited and Axis Bank Limited have partnered to form Max Life Insurance Company Limited. Max Financial Services Ltd. is a subsidiary of the Indian conglomerate Max Group. Max Life Insurance provides a variety of life insurance options to individuals and businesses, including term insurance, return of premium insurance, annuity insurance, child plans, investment plans, money-back plans, and ULIPs. In order to preserve its formidable standing in the Indian market, Max Life has set itself apart by emphasizing quality in all that it does.<\/p>\n\n\n\n

          Key Highlights:-<\/p>\n\n\n\n

            \n
          • Foundation: 2000<\/li>\n\n\n\n
          • Claim Settlement Ratio: 99.35%<\/li>\n\n\n\n
          • Solvency Ratio: 2.02<\/li>\n\n\n\n
          • Number of Branches: 277<\/li>\n<\/ul>\n\n\n\n

            #2. AEGON Life Insurance<\/span><\/h3>\n\n\n\n

            When it comes to online life insurance in India, AEGON Life is a frontrunner. Bennett Coleman & Company, India’s largest media company, also known as the Times Group, established AEGON Life Insurance in partnership with the international supplier of life insurance, pensions, and asset management, AEGON N. V. The policies provided by AEGON Life Insurance Company are some of the most cost-effective options available. Their customary policies will protect your loved ones from the growing costs associated with death. With AEGON Life Insurance, you and your loved ones can relax knowing that your individual needs are being taken into account and met.<\/p>\n\n\n\n

            Key Highlights:-<\/p>\n\n\n\n

              \n
            • Foundation: 2008<\/li>\n\n\n\n
            • Claim Settlement Ratio: 99.25%<\/li>\n\n\n\n
            • Solvency Ratio: 2.41<\/li>\n\n\n\n
            • Number of Branches: 83<\/li>\n<\/ul>\n\n\n\n

              #3. Bharti AXA Life Insurance<\/span><\/h3>\n\n\n\n

              One of India’s most prominent commercial conglomerates, Bharti Enterprises, and the AXA Group, headquartered in Paris, have joined forces to form Bharti AXA Life Insurance. It is one of India’s most prominent conglomerates, with holdings throughout the telecommunications, agricultural, and financial sectors. The Bharti AXA life insurance firm provides a wide range of insurance options for their customers. Plans for retirement, college savings, life insurance, stocks, mutual funds, etc. are all included. Customers can expect long-term benefits from Bharti AXA Life Insurance.<\/p>\n\n\n\n

              Key Highlights:-<\/p>\n\n\n\n

                \n
              • Foundation: 2006<\/li>\n\n\n\n
              • Claim Settlement Ratio: 99.05%<\/li>\n\n\n\n
              • Solvency Ratio: 1.78<\/li>\n\n\n\n
              • Number of Branches: 268<\/li>\n<\/ul>\n\n\n\n

                #4. Bajaj Allianz Life Insurance<\/span><\/h3>\n\n\n\n

                One of the most prominent private life insurance providers in India is Bajaj Allianz, a strong competitor to Kotak. Bajaj Finserv Limited, which is part of the Bajaj Group in India, and Allianz SE, a financial services firm based in Europe, have formed a partnership. Bajaj Allianz Life Insurance Company Limited, in recognition of the dynamic nature of its clients’ demands and expectations, has introduced cutting-edge insurance products. The diverse clientele of Bajaj Allianz Life Insurance Company is reflected in the breadth of the company’s life insurance offerings.<\/p>\n\n\n\n

                Key Highlights:-<\/p>\n\n\n\n

                  \n
                • Foundation: 2001<\/li>\n\n\n\n
                • Claim Settlement Ratio: 99.02%<\/li>\n\n\n\n
                • Solvency Ratio: 6.66<\/li>\n\n\n\n
                • Number of branches: 509<\/li>\n<\/ul>\n\n\n\n

                  #5. HDFC Life Insurance<\/span><\/h3>\n\n\n\n

                  HDFC Life Insurance Business Limited, a typical life insurance company, supports the Housing and Development Finance Corporation Limited (HDFC). There is now a joint venture between HDFC Ltd. and Standard Life Aberdeen, a global investment firm. In addition, HDFC life insurance offers cutting-edge, client-focused policies that can save you money on taxes and give you peace of mind for the future of your loved ones. Protection, pensions, savings, investments, and health solutions are just a few of the many options available to both individuals and businesses.<\/p>\n\n\n\n

                  Key Highlights:-<\/p>\n\n\n\n

                    \n
                  • Foundation: 2000<\/li>\n\n\n\n
                  • Claim Settlement Ratio: 98.66%<\/li>\n\n\n\n
                  • Solvency Ratio: 2.01<\/li>\n\n\n\n
                  • Number of branches: 390<\/li>\n<\/ul>\n\n\n\n

                    What Is Kotak’s Life Plan?<\/strong><\/span><\/h2>\n\n\n\n

                    Kotak Life Plan refers to life insurance products offered by Kotak Mahindra Life Insurance Company Limited, a leading insurance provider in India. These plans are designed to provide financial security and protection to individuals and their families. Kotak Life offers a range of insurance products, including term insurance plans, endowment plans, unit-linked insurance plans (ULIPs), and retirement plans.<\/p>\n\n\n\n

                    Term insurance plans provide pure life cover for a specified term, ensuring financial stability for the family in case of the policyholder\u2019s demise. Endowment plans combine insurance coverage with savings, offering maturity benefits if the policyholder survives the policy term. ULIPs are investment-cum-insurance products that allow policyholders to invest in various funds while providing life cover.<\/p>\n\n\n\n

                    Kotak Life Plans are customizable, allowing individuals to choose coverage, premium payment terms, and additional riders to enhance protection. These plans aim to meet diverse financial goals, such as income replacement, wealth accumulation, and retirement planning, providing peace of mind to policyholders and their loved ones.<\/p>\n\n\n\n

                    Why Is Kotak Better Than LIC?<\/strong><\/span><\/h2>\n\n\n\n

                    Determining whether Kotak Life Insurance is better than LIC (Life Insurance Corporation of India) depends on individual preferences, financial goals, and specific requirements. Both companies have their strengths. Kotak Life Insurance often stands out due to its innovative products, customizable plans, and customer-centric approach. They may offer more flexibility and a range of options tailored to diverse needs. Additionally, private insurers like Kotak often provide efficient customer service and faster claim processing due to their streamlined operations.<\/p>\n\n\n\n

                    On the other hand, LIC, being a government-owned entity, carries a legacy of trust and reliability among many Indians. LIC typically offers a wide array of traditional policies, and its policies are often perceived as stable and secure. LIC also has an extensive network across the country, making it accessible to a broader population.<\/p>\n\n\n\n

                    Ultimately, the choice between Kotak and LIC boils down to an individual\u2019s specific requirements, risk tolerance, and preferences regarding policy features and customer service. It\u2019s advisable to compare policies, premiums, features, and customer reviews before making a decision.<\/p>\n\n\n\n

                    How Much is Kotak Mahindra Life Insurance Price Right Now?<\/strong><\/span><\/h2>\n\n\n\n

                    Kotak Mahindra life insurance costs can fluctuate based on a number of criteria, including the insured’s age, gender, gender identity, smoking status, and health. Check out the premium calculator on Insures or PolicyBachat to determine the cost of a Kotak Mahindra life insurance policy. You can use this comparison tool by simply entering some details specific to your own scenario. By looking around online for various quotes, one can quickly determine the cost of life insurance.<\/p>\n\n\n\n

                    Is Kotak Safe For Life Insurance? Bottom Line<\/strong><\/span><\/h2>\n\n\n\n

                    Yes, it is safe to purchase life insurance from Kotak Mahindra. Kotak Mahindra Life Insurance has the most competitive rates and finest coverage in the industry. The policy’s strong claim settlement ratio and life insurance coverage will help protect your loved ones even after you’re gone. The time required to submit a claim and have it processed is minimal. It offers a variety of life insurance policies to individuals and businesses, as well as critical sickness protection, additional riders, tax breaks, and more.<\/p>\n\n\n\n

                    Frequently Asked Questions<\/span><\/h2>\n\n\n\t\t\n\t\t\t\t

                    Who is the founder of Kotak Life?<\/h2>\t\t\t\t
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                    Mr. Uday Kotak is the Executive Vice Chairman and Managing Director of Kotak Bank and its principal founder and promoter.<\/p>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\n\t\t\t\t

                    How much is the surrender value?<\/h2>\t\t\t\t
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                    When referring to a life insurance policy, “surrender value” means “cash value minus surrender fees.”<\/p>\n\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/section>\n\t\t\n