Dear sir
My friend has taken a LIC policy in 10-2000 Insured for Rs 500000 Paying yearly installment for Rs 33608 under 75-20 table term. He has stopped paying after 7 installments. Now Agent says take surrender value of Rs 136972 and put it in LIC table Bima Bachat for 8 years or in Bima Nivesh table 171-5. When I say that leave it as it is You take what ever LIC will pay you in 2020. But we don’t know what LIC will give him in 2020 when Policy is completed. Please help my friend.
Shashi Kant