What is Surrender value? It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity. This is the value which is the amount payable to you should you decide to discontinue the policy and encash the same from insurance company. As per a recent Insurance and Regulatory Development Authority (IRDA) directive, life insurance companies have been asked not to levy surrender charges if the policyholder chooses to terminate the cover after five years. Therefore retention of earlier policies and continuation of all policies without allowing them to lapse is the best strategy for continuing life insurance protection A regular premium policy acquires surrender value after the policyholder has paid the premiums continuously for three years. After three years, you do not wish to continue with the policy, you can convert it into a paid-up one, freezing your investments at that level. However, you need to make sure that you...