Cancelling LIC Jeevan Saral Policy after 10 yrs ?

POSTED BY ganand79 ON January 16, 2014 10:08 am COMMENTS (5)

Hi
I am a NRI ( Living in Australia for last 11 yrs) and planning to settle in India in my retirement. One of my friend got me hooked in LIC Jeevan saral Policy in 2011 and then he left the work and moved somewhere in Canada and did’nt left any contact details.
Can you help me with few questions below.
My Policy term is 35 yrs and I pay 36,390 half yrly premium with sum assured for Rs 15,00,000
Can I cancel the policy after 10 yrs and how much money will I get after 10 yrs.
And if I keep paying till the end of the policy which will end in 2045 , how much money will I get back.
Have tried looking at the LIC website but did not get any answers.
Thanks in advance.
Regards
Gurpreet

5 replies on this article “Cancelling LIC Jeevan Saral Policy after 10 yrs ?”

  1. vijay says:

    Why don’t you also check with the calculators provided by Pattu. Some of them are amazing –

    http://freefincal.com/insurance-calculators/insurance-policy-surrender-value-paid-up-value-calculator/

    1. ganand79 says:

      Thanks Vijay..

      this is really helpful

      regards
      gurpreet

  2. ashalanshu says:

    Dear Gurpreet, please check this.

    licindia. in/phone_helpline.htm

    Thanks

    Ashal

  3. ganand79 says:

    Hi Ashal,

    Thanks for your reply

    But which email ID of customer care shall I send my policy details

    Regards
    Gurpreet

  4. ashalanshu says:

    Dear Gurpreet, please post your policy details to LIC customer care and you ‘ll get the details over e-mail.

    thanks

    Ashal

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