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Seeking Suggestion

Legal Issues & Help
AnonymousLLB 12 May 2014, 16:04

Hello,

I have invested in Biral Saral Jeevan on 12th August 2008 under multiplier and maximizer. The annual premium is 13995/-. I have paid 4 premiums. Now the NAV shows the amount is 43400/, while my investments is nearly 56000/. Shall I surrender the policy, pay premium or keep it without paying any premium.

If I do not pay premium for 2 consecutive year will there be any suspension of the policy or lapse?

1 Reply

advarun.delegibus.com 15 May 2014, 11:17

Sir,

Read the policy terms first.

See what would be the effect of surrender and also non payment of premium

If the value is going down its always better to surrender to cut down the loss

Arun

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