How Much Will I get back If I cancel Jeeven Tarang policy ?

POSTED BY Krish ON January 7, 2014 2:08 pm ONE COMMENT

Hi ,

I have started Jeeven Tarang policy on 26/12/2013 and I’m 32 years old. Based on your article I decided to cancel my policy.

My policy details are:
S.A : 10,00,000/-
Terms: 15 Years.
Prem: 17537/-
Mode: QLY

I am not getting my policy document at now and also based on some LIC agent advice I can cancel my policy with in 15 days starting from policy date.

So in this scenario I have two questions
1. Once I canceled my policy with in the 15 days, How much money I can get back?
2. Its good to have New Jeeven Anand policy? (I’m not interested in PPF and SIP, because I prefer risk coverage)

Pls guide me as soon as posible

One reply on this article “How Much Will I get back If I cancel Jeeven Tarang policy ?”

  1. ashalanshu says:

    Dear Krish, if you filed for cancellation within free look period, you may get close 90-95% of your original prem. amount. Why do you want to purchase investment oriented policies? if risk coverage is your sole motive, why are you not purcasing term cover?

    thanks

    Ashal

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