You can surrender the policy without paying any surrender penalty since you have paid premiums for eight years
13-Oct-2015 •Research Desk
I purchased Aviva Save Guard Growth Fund in November 2007. The fund's performance has been dismal and the costs is increasing every year. Can I surrender the fund without incurring penalty? If at all there is a penalty, how much money will I lose?
As you have paid premiums for eight years, you can surrender the policy without any surrender penalty.
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For taxation on your policy, click here