Want to surrender Jeevan Saral Policy after 3 yrs premium payment

POSTED BY Sharad ON April 7, 2014 10:19 pm COMMENTS (2)

I hold Jeevan Saral policy with 36030 premium per year since 2011. i hv paid 3 premium till last year. after completing 3 full year i want to surrender my policy. Can you please tell me how much money I will get if I surrender the policy in april 2014.

Is there special surrender value for surrenders the policy after 3 years. I was not able to calculate exact value. Can you please help me to calculate the surrender value and let me know that surrender of policy will be beneficial to me or should i continue this policy upto 5 yrs. which will be a better option ?

-sharad

2 replies on this article “Want to surrender Jeevan Saral Policy after 3 yrs premium payment”

  1. Sharad says:

    thanks Ashal

  2. ashalanshu says:

    Dear Sharad, the surrender value can be obtained from LIC branch staff or IVRS of LIC.

    The gtd. SV ‘ll be 30% of the 2nd and 3rd prem. paid by you. st prem. ‘ll be ignored.

    Thanks

    Ashal

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