POSTED BY December 13, 2014 1:10 pm COMMENTS (4)ON
Hello 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?