Hi,
My father has taken Jeevan Mitra triple coverage policy in Oct 2000 when he was at age 48, for Sum assured 80k and paying primium Rs 2070 /- quarterly. Policy term is 15 years wich will be matured in 2015. My father age is 58 now. Till now he has paid 1,01,430 towards the premium.
Can you please suggest what should be done for this policy?
Should he continue or surrender it?
If it should be surrendered, what would be the value he get?
Thanks,
Anand.