I have Jeevan Saral Policy. I have paid 2 premiums of Rs. 22,000 each. The policy will not give good returns. I wish to reverse my decision which is not possible. Please suggest me what should I do. Which option will minimize my loss – surrendering now or surrendering after paying 3rd premium?
If you surrender it now, you will sustain a loss of Rs. 44,000. If you pay 3rd premium, your surrender value will be 30% of 2nd and 3rd premium, i.e. Rs. 13,200 for a total contribution of Rs. 66,000 which will result a loss of Rs. 52,800.