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Surrender of LIC Policy

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.

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