Quote Originally Posted by mona View Post
Thanks Master for this clarification. I was actually confused with this option since I read somewhere that BSLI Bachat Money Back can be made paid-up after 3 years, but I wasn't sure about this. Since I've completed 3 premiums then I feel making it paid-up now & surrender after 10 yrs would be better. But I read in policy papers that if you stop paying premiums, would cease all benefits! What do you say?
Not much info about paid-up in the BSLI website online. If you have any info please post here, then only I can comment.
In general in Paid-up they reduce the sum insured proportionately of the policy for rest of the policy term.

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How to calculate Paid-up Value of an Insurance Policy?