What I will get after 3 premiums on Jeevan Saral

[samkapoor77]

I have taken a Jeevan Saral Policy. I pay Rs. 30,025 as annual premium. Till date I have paid only one premium. I would like to surrender this policy. If I pay 2 more premiums, then what will be the surrender value of this policy?

[samkapoor77]

You will get 30% of 2nd and 3rd premium, i.e. you will receive Rs. 18,015 and you will sustain a total loss of Rs. 72,060. It is better to stop paying the premium and surrender this policy in which case your total loss will be Rs. 30,025, i.e. the premium what you have already paid.

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