How much money will I get back from my Jeevan Anand Policy ?

POSTED BY Anand Y ON January 21, 2014 11:47 am COMMENTS (4)

Hi all,

I have taken a Jeevan Anand policy in Jan 2009 for sum of 5lac for 21yrs and paying 12713 half yearly towards the premium. It has been 5yr and I paid 127130 as premium till now. After reading JagoInvestor, I have taken an online term policy last year for 50lac from HDFCLife. One of my friends told me that I may get around 70k if I surrender my Jeevan Anand. But when I check my online portal, it is showing vested bonus 92k. Please suggest what should I do with my Jeevan Anand policy. Should I surrender or paid up or continue it. And also please let me know how much amount I may get in each case.

Thanks in advance,

Anand.

4 replies on this article “How much money will I get back from my Jeevan Anand Policy ?”

  1. ashalanshu says:

    Dear Anand, w’d you like to amputate a finger today or an arm tomorrow?

    thanks

    Ashal

  2. Anand Y says:

    ok. What should I do with my policy? Should I continue till 21yrs completed?

  3. ashalanshu says:

    Dear Anand, the vested bonus of 92K Rs. based upon your current set up that you ‘ll continue the policy till 21Y with regular prem. if you opt to withdraw now. The surrender value ‘ll be way less than your expectations.

    Thanks

    Ashal

  4. Sibin says:

    To get the correct surrender value, just go to the branch and ask, they will provide the correct value. Another option is to call the customer care and provide the details.

    From the total premium payed I think you will amount in between 65K to 80k

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