Birla Sunlife Classic Life Premier – Surrender or continue ?

POSTED BY Raja ON January 22, 2014 6:20 pm COMMENTS (3)

I had purchased a Birla Sunlife Classic Life Premier policy 7 years back. I had to pay a premium of Rs. 30000 for 5 years after which the policy becomes paid up and there is a life cover of 6L.

As of now, I dont need to pay any more premiums and the value of the policy is around 2L (Rs. 50000 gain). Should I just continue this to enjoy some more returns and a nominal life cover or should I just surrender it and en-cash the money?

3 replies on this article “Birla Sunlife Classic Life Premier – Surrender or continue ?”

  1. ashalanshu says:

    Dear Raja, as the prem. pmt. term is over, let it continue.

    thanks

    Ashal

  2. Raja says:

    Ashal, As per policy only 5 premiums were required to be paid which have already been paid.

  3. ashalanshu says:

    Dear Raja, please check from your policy bond, what ‘ll be the impact on your earning , if you continue with out paying any more prem?

    Thanks

    Ashal

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