Cancel Jeevan Anand ?? Dilema..Pls help

[ronneby]

853

The image shows details of my policy born 9/Jan/1982
I am not intrested in the policy.
Since i just paid only 2 years, i know i can not get any surrender value, but if
i pay 1 more installment and revive it, can i take a loan or surrender, and how much will i get?
/Ronny.

[Rahul]

The image shows details of my policy born 9/Jan/1982
I am not intrested in the policy.
Since i just paid only 2 years, i know i can not get any surrender value, but if
i pay 1 more installment and revive it, can i take a loan or surrender, and how much will i get?
/Ronny.
As per licindia.in (https://www.licindia.in/endowment_005_benefits.htm), you would get Guaranteed Surrender Value. Which will be 30 percentage of the total paid premium excluding first year premium.

[Rahul]

how to calculate loan amount? (http://www.policywala.com/forum/showthread.php/1086-How-to-calculate-the-Paid-Up-Value-Surrender-Value-and-Loan-Value)

[Master]

I would recommend do not revive the policy as you would get very less and the return is also not great (http://www.policywala.com/content.php/369-Term-Insurance-PF-is-better-than-LIC-s-Jeevan-Anand).