Need A Financial Product Forums Insurance When should I surrender my LIC Jeevan Saral Policies

This topic contains 1 reply, has 2 voices, and was last updated by  Kunal Raut 2 years, 5 months ago.

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  • #47241

    Kunal Raut
    Member

    I have two LIC Jeevan Saral Policies, both having an annual premium of Rs. 30,025. I purchased the policies 4.5 years ago for tenure of 30 years. After reading so much on Jeevan Saral policies on this blog, even I have started feeling as if I have been duped by LIC and I won’t get much out of this policy. When should I surrender this policy ? now, after paying 5th premium or after 10 years?

    #47242

    Grijesh
    Member

    Check with the LIC office, surrender value in each of the cases mentioned by you and choose the option with minimum loss to you.

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