POSTED BY December 13, 2014 1:10 pm COMMENTS (4)
ONHello Sir, I have a LIC jeevan anand policy of Rs 50k per year and have paid 4 years. I realized that its not worthy one and thinking of surrendering it. I have 2 questions on this. Should i close this now or after completing 5 years? I read in some blog that only after completing 5 years we would get the bonus accrued.
Do i need to pay the premium if i intend to close the policy next year? My due date is January 2015. Will they add bonus even though i don\’t pay this premium, I guess bonus will be declared on financial year end that is Mar-Apr 2015?
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you can find your answer here:
http://licinsurancereview.blogspot.in/2013/03/how-to-calculate-surrender-value-of-lic.html
Thanks Sharath
Hello Raghuvit,
You can surrender any LIC Policy that is active and minimum 3 years of premiums paid. you will get around 30% of premium paid amount.
Please surrender now and get Good Term insurance Policy.
-Naveen
Thank you naveen.