POSTED BY February 16, 2014 4:46 pm COMMENTS (5)ON
I am 30 year old and had bought Jeevan Anand Policy in 2010 with tenure of 21 years, Coverage of around Rs. 10 Lacs and premium amount 50,104. I have already made four premium payments for this policy but now I want to close this policy and go for some term policy with higher coverage (around 50 Lacs).
Could you please let me know how much would be the surrender value if I close it now. Also, Will I be getting the proportionate coverage for the premiums I have already paid for rest of the tenure of the policy? (e.g. 10 lacs * 4 / 21 ~ 2 lacs).
Could you please also help us decide which term policy I should go with?