hi my friend has taken a LIC policy in India for 50 lacs, that will mature after 35 years,out of which she had paid 2 premiums.. but she would like to cancel the policy now.. does any one know,what are the terms with LIC for early cancellation of LIC policies...c
Hello arasi999, If you read the policy conditions you will get an idea. It depends on the type of plan that has been chosen. But in the usual policies, atleast 3 years' premiums are to be paid if you have to get atleast a part of the money that you have paid . Hope this helps. Regards, Abha.