LIC Policy Surrender in 2024
Key Reasons For Surrendering Your LIC Policy:
Financial Hardship: Surrendering your LIC policy becomes a viable option if you are facing financial difficulties and find it challenging to meet the premium payments.
Better Investment Opportunity: Consider surrendering if you discover a more lucrative policy with better returns and benefits than your current one.
Changed Life Goals: If the original purpose for purchasing the life insurance plan is no longer relevant to your current financial goals or needs, surrendering could be a strategic decision.
LIC allows you the choice to surrender your policy, yet specific terms and conditions apply. Surrendering the policy is not permitted at any arbitrary moment.
Know more here: https://www.smcinsurance.com/life-insurance/articles/surrendering-lic-policy