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LIC Endowment Plus table 802?

Hi any body know how to close the Lic endowment policy of 1 year old?

  • Hi recently i started new endowment policy (marriage or edu) for my child of abt 15800 premium per quarter. now i feel it is very hard to pay 15800. this policy is around 12 months ...show more

  • Answer:

    you can not surrender a policy before 3 years. after 3 years policy becomes paid up - you will get approx 25-30% of the premiums paid. i suggest that you stop paying further premiums IF you cannot afford it, or continue if you can, dont' think about surrender option, it won't be as good as you think.

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The best option is to not pay further premium amounts. Remember, doing such, you will lose the amount you have paid as premium, till today. Any policy required to pay premium for at least first 3 years to get the amount back. Visit an LIC office and meet the customer relations executive to find more information on this. Sherin

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