Refund of premium under LIC policy -possible ?

1. 

   Anonymous
   

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   In Year July-2007, i removed a Bima Gold insurance policy for Rs. 1 Lac i paid the first premium of Rs.927/- & then discontinued paying the premium.

   In all total i have paid Rs. 927 to LIC . I would like to know that can the money be refunded to me in any ways by LIC & what is the procedure for that.

   Arunkumar Jaiswal

   Posted 7 months ago #
2. 

   devanand
   

   senior admin
   Joined: Jun '09
   Posts: 70

   Reputation:73

    

   Mr. Jaiswal,

   Note that the refund of premium is not possible.

   Further one can raise loan or surrendred the policy, if, minimum 3 year's premium is paid. In your case, only one premium is paid hence you are not eligible for raising loan or surrendering the policy.

   Alternatively, we feel u should revive your policy by paying previous premiums and interest, if viable for you.

   Please do register yourself and use this forum as a platform for solution of your queries regarding insurance.

   Regards
   Devanand

   IBS

   Posted 7 months ago #
3. 

   Anonymous
   

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   Respected,
   I have my three policies but due to saome problem i have not paid few premiums of the same,but i have paid more than 6years, and now i would like to discontinue my policies.
   So plz guide me that how i can get my paid money back.
   Thank you

   Posted 4 months ago #

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