POSTED BY February 24, 2013 3:36 pm COMMENTS (5)ON
I am now residing in Pune. In my previous organization (in Blore), I was eligible for Super Annuation. During leaving, I had got my SA converted to a LIC policy which will start a monthly pension. Now, I want to surrender this policy and have the money back.
When I talked to a LIC agent about this, he told me that I need to go into the LIC office in Bangalore where this policy was taken. Only from there will I know what can be done about this.
Is this right? I want to surrender the policy and what options/solutions are there that I can employ? Please advise.