Has your life insurance policy lapsed? Know when to renew: Manisha from Lucknow bought a life insurance policy under pressure from a friend. One lakh was paid on three years premium. Manisha stopped paying the premium when she realized that the policy was no longer useful to her.
It’s over now. The insurance company is pressurizing Manisha to renew her policy. According to investment advisors, the policy should be surrendered.
Difficult to pay premium
If Manisha surrenders this policy, she will not get back an amount equal to one year’s premium. Manisha is an educated woman. Then she curses herself a lot because she doesn’t understand how and why she got stuck. If the policy purchased for investment purposes expires within the first few years,
So only a part of the premium deposited is available to the insured in the event of surrender. This means that the insurance company will reimburse your total deposit amount for the cost of the entire term.
A major part of this is the payment made to the agent’s account. After getting the paid-up value, you have no option but to repent. Money9’s application shows you when to renew your insurance policy and when not. You can download this app by visiting https://onelink.to/gjbxhu.
We would like to tell you about the possibility of earning cash from your life insurance policy. The premium of the policy is used to provide this facility. Bonus is given in return for this earning.
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