Insurance policy surrender
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2014
Experts,
Suppose there is a policy of 15 years, with quarterly premium of Rs.2000 and sum assured Rs.1.10 lac.
After the premium payment for 2 years, one want to surrender the policy, then will he get any amount ?? if yes what will be the approximate amount he will receive ??
Thanks.
Suppose there is a policy of 15 years, with quarterly premium of Rs.2000 and sum assured Rs.1.10 lac.
After the premium payment for 2 years, one want to surrender the policy, then will he get any amount ?? if yes what will be the approximate amount he will receive ??
Thanks.
24 November 2014
You need to check the terms and conditions of that insurance policy, printed on the policy itself, regarding the payment of surrender value by the insurance company.
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