Topic: What will be the surrender value for Jeevan Anand policy

This message was edited 1 time. Last update was at 10/03/2010 12:13:29

Date of Birth of Policy Holder : May, 1975
Policy : Jeevan Anand (T. No. 149)
No. of premium paid so far : 8
Amount paid so far : 61848
Commencement : Jul, 2002
Sum Assured : 1,00,000
Policy Term : 15 Years
Premium : 7731 (Yearly)
Accured Bonus : 28,200

I had paid the premiun till last due, that is Jul, 2009.

If I surrender the policy what is the amount I will recieve?

Hi,

Make it double of Sum assured .

Sukesh
Looking for Home Loan / Insurnace : Call 9953011221

This message was edited 1 time. Last update was at 16/01/2012 10:57:24

It may be true if I surrender at the end of term.

Please note that I am surrendering the policy in the middle of the term. (see details in my post)

The below extract I found from LIC site related to Jeevan Anand policy. for your reference

Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The guaranteed surrender value is 30% of the basic premiums paid excluding the first year’s premium. Any extra premium(s) paid and premium(s) towards Accident Benefit are also excluded.

subu501 wrote:Date of Birth of Policy Holder : May, 1975[
Policy : Jeevan Anand (T. No. 149)
No. of premium paid so far : 8
Amount paid so far : 61848
Commencement : Jul, 2002
Sum Assured : 1,00,000
Policy Term : 15 Years
Premium : 7731 (Yearly)
Accured Bonus : 28,200

I had paid the premiun till last due, that is Jul, 2009.

If I surrender the policy what is the amount I will recieve?

subu501 wrote:Date of Birth of Policy Holder : sep, 1975
Policy : Jeevan Anand (T. No. 149)
No. of premium paid so far: 6
Amount paid so far : 1062366
Commencement : may, 2006
Sum Assured :25,000,00
Policy Term : 16 Years
Premium : 177060 (Yearly)
Accured Bonus :

I had paid the premiun till last due, that is may, 2011.

If I surrender the policy what is the amount I will recieve?

I think anonymous posts should be banned. There is no proper content in anonymous posts.

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