reduced paid up

POSTED BY biju pavoo ON March 22, 2013 11:44 pm ONE COMMENT

   I had paid 4 years(10000 x 4) in to Child fortune plus of LIC with 2 Lakh coverage. Now for the last one year  I have`nt paid as its value is always 12-15% less than paid value. Now it shows as reduced Paid up. If I am not paying further what will be the approximate value on maturity also is there any deduction from the sum insured.  Is it  possible to take out it in present value and put somewhere else. 

Biju

One reply on this article “reduced paid up”

  1. Dear Biju, booking your losses now & geting the money & investing elsewhere is a good idea. For your Insurance needs, please purchase adequate term cover.

    Thanks

    Ashal

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