surrendering of LIC Endowment policy

POSTED BY Chaitanya ON October 7, 2012 7:28 pm COMMENTS (2)

I have bought LIC’s Jeevan Mitra triple cover (Table 133) in Dec 2006 of premium Rs 30433/yrly. I would like to surrender it. Should I surrender the policy after paying Dec 2012 premium or before it. Kindly suggest.

2 replies on this article “surrendering of LIC Endowment policy”

  1. Dhinesh Kumar says:
    October 19, 2012 at 12:01 pm

    It depends on the surrender value you obtained from the policy,Please check out the Surrender value in both scenario and do according to the value.Check it in the LIC office.

    Reply
  2. Biswa Singh says:
    October 8, 2012 at 7:50 am

    Surrender it without paying the next premimum. Anyways you are going to book a loss then by surrendering the policy then what is the point in paying one extra premimum and book loss on that too.

    Reply

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