Need a reason to surrender LIC Jeevan saral and Jeevan Anand

POSTED BY Khushi ON March 31, 2014 8:27 pm COMMENTS (5)

Hi,

I have Jeevan saral and Jeevan Anand policy of LIC. In few articles i read that people havE surrendered them but i am not clear about it. Can any one please tell me the details or atleast share the links of the respective blogs?

I will be completing 3 years. Immediate help will be appreciated.

Thanks

Khushh

5 replies on this article “Need a reason to surrender LIC Jeevan saral and Jeevan Anand”

  1. Khushi says:

    Thanks Ashal

    ~Khush

  2. ashalanshu says:

    Dear Khushh, after payment of 6th 1/2yly prem. you are eligible for surrender. It’s in your own interest to book loss and stop paying the remaining prem.

    Thanks

    Ashal

  3. Khushi says:

    Hi Hemant & Ahsalanshu,

    Thanx alot for the help.

    I had one more question,
    My premium paying mode is half yearly (13k at one time, 26k yearly). in blogs it is mentioned that after 3 premiums paid u can make the policy paid up or surrender it. Am not clear, in my case when it will be 3 premiums? Half yearly 3 premiums(1.5yrs) or 6 premiums(3 years)?
    Till now i have paid 4 half yearly premiums. Can i surrender it now and get 30% of the premiums paid??

    I was novice to investments when i took these policies. 🙁

    ~Khushh

  4. ashalanshu says:

    Dear Khushh, easy option to you, type jeevan saral in the search bar above and check the results for past discussions here in the forum.

    Thanks

    Ashal

  5. Hemanth Chandra says:

    Dear Khushh,

    I have searched as ‘anand’ in the custom search in the forum. I got a lot of links on jeevan anand. Below are few of it. For links on jeevan saral just search as ‘saral’

    https://www.jagoinvestor.com/forum/lic-jeevan-anand-5

    https://www.jagoinvestor.com/forum/jeevan-anand-policy-surrender-or-paid-up

    https://www.jagoinvestor.com/forum/surrendering-lic-jeevan-anand

    Let me know in case of any clarification required.

    Regards,
    Hemanth.

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