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

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 12, 2014 at 1:19 am #46803
    samkapoor77
    Keymaster

    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?

    August 13, 2014 at 4:26 pm #46804
    samkapoor77
    Keymaster

    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.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.