Surrender, in the context of annuities, refers to the act of terminating the annuity contract and receiving the remaining value of the contract in a lump sum, rather than receiving future payments.

Learn what annuities are, how fixed, variable, indexed, immediate, and deferred annuities work, and how they can help provide steady retirement income.

Understanding LIC Surrender Value: A Complete Insurance Guide: By Harman Singh Understanding the LIC surrender value is essential for anyone holding a life insurance policy. The surrender value is the ...