[www.keralites.net] Cancellation of Jeevan Tarang Insurance Policy

I Bow To Thee, Mother

 

Dear Friends,

 

Good Morning!

 

I am ing a problem with my Jeevan Tarang Insurance Policy of LIC. Please find below the details .

 

Policy : Jeevan Tarang

Policy commencemnt date: 10.09.2007

Sum Assured : 12,00,000.00 (12 Lakh)

Policy Term : 74 ( 20 Years )

Quarterly Premium : 15,075.00

Last Payment date : 07.06.2010

Accrued bonus (Rs) : 1.00

 

I have completed 3 years payment. Now I wish to surrender / discontinue the policy. Can anybody give details if,

 

1. I surrender the policy now, how much I will get back and when?

2. I am not surrendering and not paying further premiums, then how much I will get at the end of the policy term?

 

I got the details from my account that there is an accrued bonus of Rs.1,15,200.00 and surrender value of Rs.36,000.00. I could not understand what is mentioned in the account.

 

Please help.

 

Best Regards

Ajesh

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www.keralites.net

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