Need A Financial Product Forums Insurance How to reduce loss on New Janaraksha Plan with Profits

This topic contains 1 reply, has 2 voices, and was last updated by  Jharna Desai 2 years, 5 months ago.

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  • #48198

    Jharna Desai
    Member

    I hold 4 years old LIC policy ?New Janaraksha Plan with Profits? for 20 years. I went to LIC for closing this policy and I was shocked to know that upon doing so I will sustain a loss of 45% on already paid premiums. What are your views on it? Is there any way through which I can avoid or reduce this loss?

    #48199

    Deepak Gupta
    Member

    You can make this policy paid-up and stop paying premium on it. This way you won’t lose money. However, if can wait for that long then I will suggest you to surrender it and bear the losses.

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