Surrender - Jeevan Tarang

1. 

   Anonymous
   

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   I have LIC jeevan Tarang policy which is in force from last three years. Due to certain reason I want to surrender this policy, but came to know that if I surrender it I will be in huge loss. Other information which I got is that if i keep this policy in force for min 5 years, then the srrender value, which I will get Principal+interest. Want to verify this through you. Please answer.

   My email: power.biswas2006@gmail.com

   Posted 1 year ago #
2. 

   Anonymous
   

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   Please refer policy terms and condition printed at the back of the policy bond provided to you.

   As per the Jeevan Tarang policy conditions "For Regular Premium policies' – After completion of at least three policy years and at least three full years’ premiums have been paid, 30% of the total amount of premiums paid excluding the premiums for the first year and all premiums in respect of optional benefits and extras will be payable. Hence, even if any one keeps policy inforce till 5 years possibility of getting payment(principal + interest) is not possible.

   you may verify the above with your insurer by asking from them a surrender quotation.

   Posted 1 year ago #

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