Good Evening Basu,
Mentioned below are the details of my LIC Jeevan Saral Policy
Commencement Date 28/12/2008
Sum Assured (Rs.) 750000
Plan Jeevan Saral (T.No. 165)
Policy Term 16 ( Premium payment term : 16)
Premium (Rs.) 3,062.00 payable Monthly
So far the total premium paid is 3,00,000 (3062*98 months)
- What options are in front of me if i decide to surrender the policy or stop paying the premium?
- I have gone through the details but I wanted to know if it makes sense to surrender it now or wait till 2018 (when 10 years are completed). In these scenario how much do I stand to get?
Your valuable advice will be well appreciated.