Jeevan Saral paid premiums for 3 years , shall i surrender now or afte 5 years?
POSTED BY ON June 16, 2014 3:30 pm ONE COMMENT
Hi
I came to know about this forum while researching for jeevan saral policy
First of all thanks for creating a forum like this. Coming to me , I am 25 years old who I guess like quite a few people took jeevan saral policy 3 years back and now feeling sorry for it 
I want to surrender now as you all know its a very bad policy. Now that I want to surrender , I have researched a bit and came to know that wil not get what I payed also after 3 years
I need suggestion Please . I am not expecting much , just want the money I paid atleast i.e 48040 per annum . so If I quit now , I came to know 30% of 1.5 lakhs which is 30K
if I continue for 5 years i heard i will get 100% back , is that true or how much will i get back? if so i am willing to continue fr 2 more years as i will get back my 100%. Please suggest the best option also if my options are bad. please suggest if its better to surrender now only
Don’t surrender it now. you would loose much money.
Pay for 5 yrs and make it paid off and stop paying future premiums after 5 years.
That way you would get returns for the money you have paid for these 5 yrs if you continue for whole term. Or you can choose to surrender after 5 yrs. Damage would be less.