POSTED BY January 22, 2014 6:20 pm COMMENTS (3)
ONI 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?
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Dear Raja, as the prem. pmt. term is over, let it continue.
thanks
Ashal
Ashal, As per policy only 5 premiums were required to be paid which have already been paid.
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