Answers:
Jeevan Saral/Jeevan Anand does not have an lock in period of 3 years. Such lock-in is only for ULIP plans.The surrender value will be 30% of all premiums paid except for premium of first year. The surrender value will be taxable income in your hand.
It is not advisable to surrender your current policy and advisable to continue at least 10 policy year to get good returns. Jeevan Saral like other endowment policies is a good mode of regular savings with moderate returns.
Read details of Jeevan Saral here
Read details of Jeevan Anand here
Jeevan Saral/Jeevan Anand does not have an lock in period of 3 years. Such lock-in is only for ULIP plans.The surrender value will be 30% of all premiums paid except for premium of first year. The surrender value will be taxable income in your hand.
It is not advisable to surrender your current policy and advisable to continue at least 10 policy year to get good returns. Jeevan Saral like other endowment policies is a good mode of regular savings with moderate returns.
Read details of Jeevan Saral here
Read details of Jeevan Anand here
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