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LIC Jeevan Anand Plan 149... surrender
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19 Sep, 2023
by Shantanu Gaur
Dear Sir.
I've LIC Jeevan Anand Plan 149:
DoC: 28/04/2008
PPT: 29 yrs
SA: 10 Lakhs
Qtly prem: Rs 7291
I want to surrender the policy and opt for a Term Plan and utilise the funds received to pay off a personal loan.
Pls find the Insurance report for your reference. Pls let me know the procedure and the amount that I can receive. Surr Valu as per attached doc is Rs 3,38,279.
Regards,
Shantanu Gaur
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Hi,
the procedure to surrender a Life insurance policy is simple. the policy holder needs to visit the home Branch of his LIC policy along with the following documents -
Original policy document ,PAN, Adhaar or any other Identity proof, cancelled chq copy and the duly filled and signed surrender form.
at surrender the insurance company will compute the final payable amount. It is based on guaranteed benefits / declared bonus additions and any other benefits (if applicable). we advise you check it at your local LIC branch.