Need A Financial Product Forums Insurance How to reduce my loss on LIC Jeevan Saral policy

This topic contains 1 reply, has 2 voices, and was last updated by  Kunal Raut 2 years, 1 month ago.

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  • #47944

    Kunal Raut
    Member

    I have LIC Jeevan Saral policy with Rs. 60,000 as annual premium. After paying 5th premium, my total contributions amounts to Rs. 3 lakhs. When I called LIC office to know the current value of my policy, I was shocked to hear the amount which was Rs. 2 lakhs only. I need to ask for how I should hold this policy so that I should not incur any loss and should at least get the amount that I have invested.

    #47945

    Grijesh
    Member

    A policy if held for 8-10 years can give few returns but then again there is no guarantee for it. Anyways, after 5 yearly premiums, you can claim bonus to reduce your loss.

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