a) If the surrender request is received before the completion of first 5 policy years, the fund value net of discontinuance
charge shall be credited to the discontinued policy fund and the proceeds will be available only at the end of lock in
period. At the end of lock in period, the policyholder can exercise any one of the options as mentioned below to utilize
the proceeds from surrender.
b) If the surrender request is received after the completion of first 5 policy years, the policyholder shall be entitled to the
fund value. The policyholder can utilize the proceeds as per the options as mentioned below.