Need A Financial Product Forums Insurance Should I surrender Jeevan Saral policy after paying 2 premiums

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

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  • #46803

    Namrata
    Member

    I have paid 2 premiums of Rs. 50,000 each towards Jeevan Saral policy. What should I do? Should I surrender it right now or should I pay one more premium and then surrender it?

    #46804

    Kiran Verma
    Member

    If you surrender it now, you will book a loss of Rs. 1, 00,000. In another option, if you pay the 3rd premium and then surrender, your total premium paid will be Rs. 1, 50,000. In this case, you will get Rs. 30,000 (30% of 2nd and 3rd premium) on surrendering your policy and your total loss will be Rs. 1, 20,000. Now, you can decide.

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