Am I eligible to receive some money if I surrender LIC Policies?

POSTED BY siddharthshenoy2003 ON November 25, 2014 5:47 pm ONE COMMENT

Hi , I have 2 LIC Policies. Jeevan Surabhi and another 25 year endownment policy . A Simple Question , suppose i prematurely surrender and close these policies am i eligible for some money to be received. Please let me know ..Thanks

One reply on this article “Am I eligible to receive some money if I surrender LIC Policies?”

  1. Viren Phansalkar says:
    November 25, 2014 at 7:56 pm

    Generally, with all the endowment plans of LIC – If you surrender before 3 years, you will not get anything in return. If you return after 3 years, then there are certain calculations involved (typically: 40-50% of the paid premium is received).

    Reply

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