Fixed deposits/ term deposits/ Timed deposits are time barred.. but en-cashable On demand... only penalty 1% less interest income (so long as it Unencumebered... 5 mins task.. that why it is liquid)
You are right about the Insurance policy .. surrender value subj to Policy features, T&C (But for CIC purpose difficult to document / explain )
quote author=Century link=topic=199004.msg3183277#msg3183277 date=1401439050]
Fixed deposit is also time barred.
I think insurance premium
should be considered liquid upto the surrender amount (even I am niche
); because I can get my portion back if I stop the insurance. In this case, we need to submit the surrender value from the insurance company.