Surrender value of Jeevan Saral is less than premium paid

[samkapoor77]

On my Jeevan Saral policy, I have paid 5 installments of Rs. 34,839. As informed to me by LIC staff, its current surrender value is 1, 29,751 but I have paid Rs. 1, 74,195. Will you advice me to surrender this loss making policy or continue till maturity with a hope to gain?

[samkapoor77]

I won’t suggest you to continue with it. You can only hope to gain at the end of term period but accept the fact that there is no guarantee that you will gain on maturity. In my opinion you should accept your losses and surrender this policy.

[Author]

Posts