Question

what do you mean by the withdrawal of money from the money back Life insurance policy ( surrender/foreclosure)​

Answer 1

Answer:

You can partially withdraw money from unit-linked life insurance policies, but this will automatically decrease the sum assured for two years from the date of withdrawal. The sum assured is restored to the original level after two years provided no further partial withdrawal is made during those two years. Therefore, it becomes crucial to use this facility wisely.

Read more at:

https://economictimes.indiatimes.com/wealth/insure/life-insurance/partial-withdrawal-from-life-insurance-policy-reduces-sum-assured/articleshow/74457926.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst