Hi,

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?

Regards,

Srinidhi