I took Jeevan Tarang policy 1 and half years ago for 20 years and paying the premium on quarterly basis. I am not happy about the maturity return as it gives only bonus amount at the maturity and won’t get the sum assured amount. Just will be getting 5.5% yearly of sum assured till 100 years.

Can someone please suggest me what are the options I have to close the policy without losing the money which I paid till now?

Can I switch to LIC’s different plan with same paid premium?
Can the policy term reduced or something which reduce the years where I have to pay the premium?

Policy quarterly premium : Rs 6384 (annual amount 25,536)
Term : 20 years
Sum assured : 5 lakhs

Please suggest the available options for me?

Thanks in advance for your time and suggestions.


Similar Threads: