How to now the what is the value of the policy after 3 years & how claim the refund amt if not interested...?

Question

How to now the what is the value of the policy after 3 years & how claim the refund amt if not interested...?

Answer 1

Your question is vague and not able to understand what you want.

If you are talking about LIC policy, then goto their site http://www.licindia.com and register yourself as customer and enroll the policy details. Then you will be able to see the status of the policy, loan value , surrender value, premium last paid, bonus accrued etc. details.

good luck

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http://www.geocities.com/pnkmurthy/lic.h...

Answer 2

You may approach your servicing branch for this information. In traditional policies it is usually 30%  + bonuses if any. In ULIPs it is calculated on NAV i.e. No of units in your account X the day's NAV(Net Asset Value). In either case the branch will provide you a statement on demand.



After completion of the mandatory 3 years  (in most cases) you may make an applicaton for surrender alongwith policy bond and duly signed discharge slip.

Answer 3

you can approch the branch office.

looking at the charges charged by insrance company & recent down fall in market, you should be prepared to see that you are even not able to recover the invested amount.