Can I surrender LIC policy after 1 year?

InsuNews May 23, 2022

Can I surrender LIC policy after 1 year?

Why It Is Not Ideal To Cancel The Policy After 1 Year? You can cancel the LIC policy after paying the premiums for a minimum of three years. If you (the policyholder) give up the policy within three years, there will not be any surrender value applicable.

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