lic jeevan mitra triple cover ploicy , what wil b d surender value i wil get now?

POSTED BY Mallikarjuna Rao ON September 9, 2011 7:58 pm COMMENTS (4)

I have taken term plan for 25lakhs just 1 year back …completed 2 terms premium..

 

I hav completed 6 years payment for lic jeevan mitra triple cover ploicy: Each year premium is 20222. If going to  surrender now what will b the amoun ti will get back ?Is it preferable to continue for the next 21 terms or not? 

Had one more LIC policy Jeevan anad for premium 12300.completed payment of 6 terms..

 

 

 

 

4 replies on this article “lic jeevan mitra triple cover ploicy , what wil b d surender value i wil get now?”

  1. ashal jauhari says:

    Dear Atul, I have registered my policy at LIC portal & I’m able to see my surrender value as on date. I can’t say for the problem you are facing.

    To get surrender value, you may contact local LIC office also.

    Thanks

    Ashal

  2. Atul says:

    Ashal,

    For knowing the surrender value of LIC policy you need to call LIC customer care. I did not find link at LIC website for the same. Let me know in case I am missing something.

    Regards

    Atul

  3. ashal jauhari says:

    Dear Mallikarjuna Rao, Please register your policies at LIC website. Once your policies are registered there, by clicking there you may get instant surrender value of your policies.

    For more details on surrender value – you may contact the nearest LIC office.

    Thanks

    Ashal

  4. Abhishek says:

    For Jeevan Mitra, The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium.

    Jeevan Mitra is an endowment plan, while Jeevan Anand is a Endowment + Whole Life Plan.
    The decision to surrender will depend on
    a) Your Goals
    b) Other Investments, if any

    Regards
    Abhishek

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