POSTED BY August 29, 2011 5:59 pm COMMENTS (2)ON
I am planning to surrender the Jeevan Anand policy (SA:15 lac, term:25yrs)
I’ve already paid 2 annual premiums of 58358/-
As the surrender value after third premium will be less than my third premium, I’ve decided not to pay premiums at all.
I wanted to know what is the procedure to close this policy? Can I just not pay the premiums at all till the policy is cancelled or do I have to close it?