kindly substitute the following lines in the part of the last para of the above article.
“Taking the above guidelines, the maximum insurance companies charge for surrender cases is 3%. So for Rs. 3,00,000, the surrender charges at the maximum will be Rs.9,000/-.So the net value of the fund will be Rs.3,30,000–9000= 321000/-. So for the remaining two years, the insurance company has to pay 3.5% interest per annum to the insured who surrendered the policy. So the insured person will get Rs.22470 as interest for the remaining 2 years and the total amount receivable will be Rs. 3,21,000/- plus 22470= 343470/- which will be payable after lock in period of 5 years.”