Jeevan Saral : whether to continue or withdraw the policy?

[Chris]

I have taken a Jeevan Saral Policy. But due to personal financial problem, I was not able to pay the second premium, was due on 23rd March, 2012. Now in October as my financial problem is much better, I want to pay the premium and reinstate the policy. But the agent is telling me that I would not get the full benefit of the policy as the period of six months expired. Thus, requesting you please to let me know - whether to continue or to withdraw the policy?

Similar Threads:

• LIC - Jeevan Suraksha : Can I withdraw the policy? If yes, what is the procedure?
• LIC's Jeevan Saral : Is there any early surrender charges by LIC on this policy?
• How much can I take loan from my Jeevan Saral LIC Policy
• BirlaSunLife Saral Jeevan ULIP plan - should I exit or to continue?
• Whether loyality addition is paid like reversionary bonus in Jeevan saral policy?

[Expert]

I think your agent is talking about surrender. Tell him that you want to reinstate your policy.
No need to worry, you will get all the policy benefits.

[Expert]

Check the complete procedure here - How to reinstate your lapsed LIC Policy?