Dear Team,
My name is Ajay. I have taken LIC JEEVAN SARAL policy of 60000 P.A which is with yearly payment mode. Since Agent was our relative we blindly believed what he said at that time.
He never mentioned that Premium amount is too high. Also He miss guided us about the Maturity amount and policy surrender.
I have already paid 3 premium i.e. 180000 Rupees. Now I want to close this LIC can you tell me how much Money I will get back ? If it is only 30% then should I pay one more premium i.e. 4th and then should go for closing this LIC as it will give me 90% of my amount paid.
Can I close my LIC immediately after paying my 4th premium or I have to wait for entire year to get 4th year complete.