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What is the difference between switch and redirection?

April 26, 2017redirection Switch

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What is the difference between switch and redirection?

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A switch will enable you to shift the existing units of your unit-linked policy into a new fund and will not change your future premium allocation. A premium redirection will enable you to change your allocation for all the future premiums of your policy. However, your existing units will not be shifted into a new fund.