I have a policy named jeevan surabhi-108 since june 2004. now i want to surrender it,what amount i will get.?

Question

I have a policy named jeevan surabhi-108 since june 2004. now i want to surrender it,what amount i will get.?

Answer 1

It hurts but do not surrender. The value that you get it too less.

we only learn once we have invested. Agents would not say about all this. they put a rosy pic and we buy schemes without our understanding.

Thx

Answer 2

It is not advisable to surrender a policy which may defeat the purpose. So many people take insurance to oblige the agent friend or relative, without asking any questions or take rebate and looses the power of questioning and finally laments for landing in a wrong decision and blames the agents.

Now a days, you can get information on any thing through the internet and people like me who are available to help giving proper advice.

I suggest people to take insurance for their own sake and not for others (agents) sake.

good luck

[e-mail]

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

Answer 3

insurance policies are not for surrender. if you surrender before the completion of 5 yrs. may get only 30% and if you surrender before you may hardly get 15 to 25%. i suggest you to continue it if you can

Answer 4

You may surrender the policy - surrender value will be 30% + bonuses if any. If you plan to surrender the policy for any reasons make sure you have taken adequate risk cover. consider taking a Term Insurance. Here you take cover for larger amounts for a nominal premium.

Good luck