Hi, I am a LIC holder for Jeevan Suraksha policy,I have been paying this for 1 full year and the amount I paid was close to 60k.Now I have not paid for the past 1 year as I am jobless.Can you please suggest me ways to get the amount back.Moreover, I am not interested in LIC policy also.I searched in the LIC,site and they have stated that the amount would be reimbursed only of I join in another scheme? Is that true? Kindly Help me.
2007-01-26 12:46:50 · 4 answers · asked by Pri80 1 in Business & Finance ➔ Insurance
Policeis which are eligible for tax exemption, usually have a lock-in period of 3 years. Also the policy should have an exit option. Kindly read the policy document carefully.
2007-01-29 18:16:09 · answer #1 · answered by HMT 7 · 0⤊ 0⤋
I am bhagya, LIC agent, What you have to do is go to LIC Office where your lic have been made and tell them that I want to Surrender the Policy, they will ask the reason tell the that I am jobless so I cant Pay. they will give you one form fill up and give it to them. You need not to Join for another scheme. OR you can ask you agent to do the needful.
2007-01-28 20:26:04 · answer #2 · answered by anu 1 · 0⤊ 0⤋
yes u can get money back but i dont know for sure that u have to join the other scheme.
2007-01-26 13:04:08 · answer #3 · answered by 09090 2 · 0⤊ 0⤋
Please let me know as to whether "LIFE CERTIFICATE' has to submitted during the period of pension for life with refund of purchase price.
2016-03-29 04:11:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋