Hi,
I have 2 Jeevan Aand (Term) policies for total 5 lacs with premium 15500/- (half yearly) with tenure 17years. Also an another policy “The Endowment Assurance Policy” for 3 lacs with premium 8400 (half yearly) with tenure 18 years.
With all 3 policies, my yearly premium is 47660/- and it’s becoming a burden to carry it further. It’s my 4th year in the tenure and am thinking of surrendering one of the two Jeevan Anand policies which I have.
Could you please suggest/guide with respect to below queries?
1) What would be surrender amount for Jeevan Anand policy 2 lacs summ assured with 10176 premium for 21 years?
2) What would be surrender amount for Jeevan Anand policy 3 lacs summ assured with 20238 premium for 17 years?
I’m thinking of surrendering one of hte above…please suggest the benefit of surrendering v/s retaining the policies so long.