POSTED BY February 12, 2014 9:19 pm COMMENTS (2)ON
I have an LIC policy Jeevan Shree without profit and without accident benefit table and term 112-25(16). It started in 1998 and will end in 2023. However the last premium to be paid is till 2014 and then no premium needs to be paid till maturity. I have few questions in this regards –
1. Is it good time to surrender the policy now?
2. If yes, how much I would get ?
3. The gaurentee and loyalti would be paid at the end of maturity or it is paid even if we surrender?
4. Is there a away where I can convert this to any pension scheme now or after maturity?
Kindly write to me it would be really helpful so I can do the needful.