Surrender of LIC Policy

POSTED BY Aarti Sharda ON September 11, 2012 11:26 pm ONE COMMENT

Hi Manish..

I am from Bangalore. My Husband has taken some endowment plan from LIC. As a Financial Planner i want to surrender these policies,but the problem is that we are staying in bangalore whereas the policies has been issued from Kolkata and we dont have any contacts there. Can i Surrender the same here???

One more thing is that one of them Plan 149 (Year of Commencement-2005)  was due on 9 Aug and  we didn’t pay it as we are planning to surrender. Shall i need to pay or convert it into paid up.

One reply on this article “Surrender of LIC Policy”

  1. Aarti

    You can do all the activities by Post ,. You can fill up the surrender form and send by post to the LIC office in Kolkatta.

    Also for your Plan 149 , you have crossed the date of payment, so now its automatically in PAID Up Form.

    Manish

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