At point of applying for your policy, you would have selected your preferred minimum investment term:
- 10 years – (3 flexi); or
- 10 years – (5 flexi).
The minimum investment term refers to the period of time starting from the date your first premium is due and the date your policy contract starts, whereby:
- a premium shortfall charge (where applicable) will be applied if you miss any regular premiums;
- a redemption fee will be applied if you make a partial withdrawal from the initial units account (except for withdrawal under the free partial withdrawal benefit); and/or
- a surrender charge will be applied if you fully surrender your policy.