How can I surrender my policy?

After the completion of two policy years (given that two years’ complete premiums have been paid), you may surrender your policy. In case of surrender, Surrender Value (Cash Value available in the Unit Account of the policy) will be payable after deduction of surrender charges (if any). However, surrender in early policy years may result in lower cash values.

If you decide to surrender your policy due to any circumstances, here’s what you need to do.

Step 1

Complete and submit the following documents

  • Request for Surrender Form – duly completed and signed by Policy Owner
  • Bank Account Number with Bank Name & Branch of Policy Owner (duly verified by the concerned bank)
  • Attested copy of CNIC
  • Zakat Exemption Declaration Form
  • Conservation Attempt Form (for policies purchased directly from us through our Sales Force)
  • Original Policy Documents

Note: In case of loss of original policy documents, please provide Indemnity Bond for loss of policy documents.

Step 2

Submit the completed form to your respective branch.

  • Request for Surrender Form – duly completed and signed by Policy Owner
  • Bank Account Number with Bank Name & Branch of Policy Owner (duly verified by the concerned bank)
  • Attested copy of CNIC
  • Zakat Exemption Declaration Form
  • Conservation Attempt Form (for policies purchased directly from us through our Sales Force)
  • Original Policy Documents

Note: In case of loss of original policy documents, please provide Indemnity Bond for loss of policy documents.

Step 3

Upon completion of all due requirements to the satisfaction of the Company, surrender request is processed and Surrender Value Cheque is sent to your respective branch from where you may collect the same.