Surrendering LIC amulya jeevan policy

POSTED BY Sambaran Mitra ON April 4, 2011 8:27 pm COMMENTS (4)

I have N amulya-jeevan insurance-policies(LIC’s term insurance) running as of today. I want to surrender one of these N policies. Are there any consequences I should be aware of, if I choose to surrender one policy keeping the rest intact?

4 replies on this article “Surrendering LIC amulya jeevan policy”

  1. ashal jauhari says:

    Dear Sambaran, Discontinuing a policy ‘ll not have any effect on your other policies with the same insurer or any other insurer.



  2. Asif, Bharat, Thanks for your replies.

    I should have worded my question properly. I want to discontinue 1 policy by stopping further premium-payments. Can that give rise to any complication for my other policies which I am continuing?

  3. bharat shah says:

    is it possible/feasible to surrender the term policy unless you paid single premium? i think only single premium term policy could br surrender. for regular premium term policy, you need to discontinue by not paying further premium.

  4. Asif says:

    Surrender the oldest one if the premium difference is not much, so that you could be covered for longer period.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today