Need A Financial Product Forums Insurance Can I surrender Jeevan Anand and Jeevan Saral policies

This topic contains 1 reply, has 2 voices, and was last updated by  Jeevanlal 2 years, 3 months ago.

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  • #46983

    Jeevanlal
    Member

    I have two insurance policies ? Jeevan Anand and Jeevan Saral. For both these policies, I am paying premiums on semi-annual basis, i.e. 2 premiums in a year. Usually a person can surrender his policy after paying 3 premiums. Since I am paying it in half-yearly mode, will it be 3 premiums or 6? I have already paid 5 premiums. Is it ok to surrender it and get 30% of premiums paid?

    #46984

    Jigar Mehta
    Member

    You will be eligible to surrender your policy after paying 6 premiums. You have to decide it on your own whether you want to book a loss or not.

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