New Delhi, Oct. 26 -- A Rs.1 crore life insurance policy may provide substantial financial protection to your family, but surrendering it before maturity could mean losing a significant portion of the premiums already paid. In some cases, policyholders may not receive any money at all.

Whether you are surrendering a policy because of financial difficulties, high premiums or changing insurance needs, the amount you recover depends on the type of policy, how long you have held it and the premiums paid. While some insurance products allow policyholders to recover part of their investment, others offer no surrender benefit.

According to Prerak Parmar, Chief Growth Officer at Bharti AXA Life Insurance, the surrender value of a Rs.1 crore pol...