Surrender of LIC Jeevan Shree in last year for premium payment ?

POSTED BY Sridhar ON February 12, 2014 9:19 pm COMMENTS (2)

Hi friends,

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.


2 replies on this article “Surrender of LIC Jeevan Shree in last year for premium payment ?”

  1. Savitasachdev says:

    I have paid last premium in 2014. I want to know what will be its surrender value as on today? How to calculate it.

  2. ashalanshu says:

    Dear Sridhar, as only last prem. is pending, please pay this prem. to get the maximum juice from this policy. As the remaining time frame is less now,you can not get too much benefit by surrendering and investing elsewhere.



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