POSTED BY May 21, 2014 10:34 pm COMMENTS (2)
ONMyself has taken LIC amulya jeevan-1 for 25 lacs before 6 month and opted for half yearly premium.
Recently LIC has reduced its premium for offline & the newly introduced online term policy seems even cheaper.so I have a thought that – is it possible to convert the existing policy to the new one? Or can I take a fresh policy instead of existing one?
Is there any issue for me take fresh policy as I have one already but I am not going to continue the old one.
Pls help out and clarify the things
2021 © Jagoinvestor.com All Right Reserved
You have to stop paying to existing policy & apply for new online plan. There is no transfer.
In addition the online plan does not have any rider option available.