POSTED BY August 31, 2012 3:25 pm COMMENTS (3)
ONHi,
I have a LIC policy – New Bima Gold
Sum Assured 100,000
Half Yearly premium 2599
Policy started on Nov 2006
Premium paid till now = 31188 (6 years, ie 12 premiums)
I have received a money back amount of 15000 on 2010 Nov.
If I surrender this policy, will there any Surrender value?
Should I make four more payments of 2599 to receive another 15k money back on 2014 Nov?
or, just surrender the policy now?
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I too have take this policy on 2010. Now i want to surrender this policy. The policy amount is 1,20,000. I have paid premium 2219 for half yearly payment. So how much of amount for maturity value today. Its an 20years policy.
Hello, Geethu, The best answer you can get only from the agent you invested through or just contact the company. The thing is your case is a bit personalized and other than the company, no one can give accurate information.
Thank You
Anuradha
Dear Karthik, yes the policy do has a surrender value as on date. How, much, please check LIC for the same. To continue or surrender right now ‘ll depend upon the surrender amount & your own choice. From return point of view, this is not a good investment policy (insurance is already very poor in this policy hence not commenting on that).
Thanks
Ashal