surrender charge

surrender charge

an amount retained by the insurer when a policy is cancelled, typically assessed only during the first five to ten years of a policy

In other languages:

  • spejjeż minħabba ċessjoni [MT] - ammont miżmum mill-assiguratur meta polza tkun ikkanċellata u li hu tipikament ikkalkulat biss tul l-ewwel ħames sa għaxar snin ta' polza (IG)
  • spese per la cessione [IT]

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