I have taken LIC jeevan saral 4 years back. I have paid 4 premiums of 24000 each. I wanted to surrender the policy and today I went to surrender the policy and the LIC guys told me that the surrender value is 65000.
I am not sure how LIC calculates the surrender value. It says that you will get 90% of the maturity sum assured if 4 or more premiums are paid. How that value comes to 65000 ?
Can anyone here explain please ?