Need A Financial Product Forums Insurance Is it advisable to surrender Jeevan Mitra Triple Cover policy

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

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  • #46725

    Tushar Joshi
    Member

    I have Jeevan Mitra Triple Cover policy with SA of Rs. 6, 00,000 and half yearly premium of Rs. 16,440. Policy is for 21 years and till date I have paid 4 premiums. It is giving less return. I am interested in taking a term policy of Rs. 20 lakhs. Should I surrender this endowment policy or continue with it?

    #46726

    Smita Maloo
    Member

    Do you have any reasons to continue with low returns and keep your money blocked in this policy? But remember that if you surrender it now, its surrender value will be nil. Calculate your gain/ loss in both the cases.

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