Within the Lock-in period; the surrender value i.e. the total fund value less applicable discontinuance charges as on the date of discontinuance shall be credited to the ‘Discontinued Policy Fund’ as maintained by the Company. The proceeds of the ‘Discontinued Policy Fund’ shall be paid to the policyholder only after completion of the lock-in period.

Lock-in period means the period of 5 consecutive years from the date of commencement of the policy, during this period the proceeds of the discontinued policies cannot be paid by the insurer, except in case of death or upon the happening of any other contingency covered under the policy.