Need A Financial Product Forums Insurance Need a suggestion on surrendering Birla Sun Life policy

This topic contains 1 reply, has 2 voices, and was last updated by  Bishandutt 2 years, 7 months ago.

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  • #46767

    Bishandutt
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    I have taken a policy from Birla Sun Life with half yearly premium of Rs. 7,500. After paying 5 premiums totaling Rs. 37,500, I stopped paying further premiums due to some issue with the company. Yesterday, I got a communication from them that I need to pay Rs. 37,500 balance premium otherwise the policy will be terminated. As on date its surrender value is Rs. 12,801. What will you suggest, should I surrender it or revive it before surrendering?

    #46768

    Check with the company how much will you get on surrendering if you pay the balance premium and then take decision.

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