2007-02-01 21:42:22 · 3 answers · asked by AJ 1 in Business & Finance ➔ Insurance
It can, but you'd end up losing money. Better off to take a loan against the value. Talk to the Agent that sold it to you
2007-02-02 13:36:59 · answer #1 · answered by Susan C 3 · 0⤊ 0⤋
There is a option where you can quit after you finish the first three years premium, but the amount you get will be nuts as compared to the actual investment made.
Moreover if you have taken any insurance plan be prepared to be invested for a long period of time say 7 to 8 years as you will have the benefit of life cover as well as your money will grow quite substantially.
Please advise all your friends also to be invested and surrender the plan in 3 years.
2007-02-03 03:37:24 · answer #2 · answered by aquarianabhi 2 · 0⤊ 0⤋
The amount is exempt u/sec 10(10D) of the Income Tax act.
2016-05-24 04:40:40 · answer #3 · answered by ? 4 · 0⤊ 0⤋