If you wish to surrender your existing Exide life insurance policy, there are a few steps you can take to achieve this. Here are the steps you need to follow:
Download the Policy Surrender Application Form: You can get the application form from the Exide Life Insurance website. Log in to your account, open the 'Services' tab, and select 'Surrender Request' to download the application form.
Submit the Application Form: After filling out the form, make sure to attach the necessary documents and submit it to the nearest branch of the Insurer. The insurer may also ask you to attach copies of any paperwork related to the policy.
Pay Any Dues: Before surrendering your policy, make sure to clear all dues payable against the policy. Besides, you may also have to pay surrender charges to the insurer.
Obtain Surrender Value Certificate: After the insurer accepts your surrender request, you will be issued a Surrender Value Certificate.
You can find more information about policy surrender from Exide's official website. You can refer to the 'How to Surrender your Policy' section https://www.exidelife.in/serving-your-portfolio/policy-surrender/how-do-you-surrender.html to learn more about the process.
If you want to surrender your policy, we recommend that you read all the fine print to understand the consequences before initiating the surrender process.