HI MANISH
I HAVE TAKEN LIC JEEVAN TARANG POLICY ON MY SONS NAME ON 30-3-2011
MY SON DATE OF BIRTH IS 30-03-2010 (AT THE TIME OF TAKING POLICY HIS AGE IS 1Y)
SA= 280000-00
DATE OF COMMENCEMENT OF RISK 28/03/18
PREMIUM= 7163 HLY
TERM 30 YEARS
ALREADY PAID 3 INSTALLMENTS OF PREMIUMS.
I WANT TO SURRENDER AFTER 3YEAR, MY QUESTION IS
“As the commencement of risk scheduled to 28/03/18, and as per clause
7.
a)single premium policy *********NA
b)annual premium policy *********
In case the age of life assured under the policy is less then or equal to 12 years the fallowing will apply
(I) surrender before the date of commencement of risk: 90%of the total amount of premium paid
WILL I GET IT? I THINK I WILL SAFLY GET 2 YEARS PREMIUMS 90% .. IS IT GOOD EXIT
And not but least thanks for eye openner articles in jago investor