Need A Financial Product Forums Insurance Should I surrender my 20 LIC policies under endowment plan

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

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  • #46963

    Pratap Sheth
    Member

    I have more than 20 LIC policies under endowment plan. Now I don’t know what to do with them. Should I surrender them should I wait for them to be paid-up?

    #46964

    Narayan Rane
    Member

    Prepare a collective sheet for all these policies with details like date of maturity, annual premium, next premium date, maturity amount, surrender value. Create a login ID at LIC’s website. From there you will get to know the accrued bonus on individual policies. Then on the basis of your loss/ gain position, take a decision on how many policies to keep (may be 3-4) and how many to surrender.

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