Insurance Glossary

Insurance Term - Surrender Value & Paid-up Value

Halfway through the policy, an individual might want to discontinue it and take whatever money is due to him/her. The amount the insurance company then pays is known as the surrender value. The policy ceases to exist after this payment has been made by the insurer to the concerned policyholder. It must always be remembered that an individual will lose out on returns if he/she withdraws his/her policy before time. If an individual stops paying the premiums, but does not withdraw the money from his/her policy, the policy is referred to as paid up. The sum assured is reduced proportionately, depending on when he/she has stopped paying the premiums. The concerned policyholder can then receive the amount at the end of the term.

Health Insurance Topics

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• An Update on UK Health Insurance
• Apollo Munich Health Insurance Company Limited - Benefits, Easy Health Policies, Disease Specific Plans
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• Cholamandalam (Chola MS) Health Insurance Policies - Key Features, Eligibility and Claim Benefits
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• Critical Care Health Insurance Plan

• Customer Care in Health Insurance Industry
• Employee State Insurance Corporation (ESIC)
• Exide Life Critical Illness Rider Enhances Your Base Policy against Critical Illnesses
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• Health Insurance
• Health Insurance - Common Terms and Definitions
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• Health Insurance in India - An Introduction
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• Health Insurance Policies Offered by Bajaj Allianz Insurance
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• Health Insurance Portability Now a Reality
• Health Insurance: Learn About Third Party Administrators (TPA)
• Healthcare Plans from ICICI Lombard General Insurance Company
• Iffco-Tokio General Insurance Pvt Ltd - Medishield Policy, Personal Accident Policy, Swasthya Kavach, Critical Illness Policy
• Insurance Agent - Your Friend and Your Guide
• Insurance Concepts and IRDA [Insurance Regulatory and Development Authority]
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• Max Bupa Health Insurance Company Limited
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• Overview on USA Healthcare Insurance
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• Reliance General Insurance - Health Gain Policy, Critical Illness Cover, Personal Accident Insurance Coverage
• Royal Sundaram General Insurance Company Limited
• Senior Citizen Health Insurance Plans in India | Health Insurance Plans for Senior Citizens in India
• Shriram General Insurance-Claims-Liability Policy-Personal Accident
• Star Health and Allied Insurance - Senior Citizens Red Carpet
• Star Health and Allied Insurance - Travel Corporate
• State Health Insurance Programs
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• Tata AIG General Insurance Company Ltd
• The Mediclaim Policy: 2007
• The New India Assurance - Senior Citizens Mediclaim Policy
• TPA (Third Party Administrator) for Claims and Cashless Health Insurance
• United India Insurance Company - Senior Citizen Health insurance
• United India Insurance Company Limited - Mediclaim Accident Family
• Universal Sompo General Insurance Pvt Ltd
• What is Medicare / Medicaid? - Eligibility - Payment - Reference