What should I do with the 15 LIC policies that I have with annual premium of 9 Lakhs as I am retiring

Can you please guide me - I have 15 policies with LIC, Annual premium 9 lac per annum, Now willing to take premature retirement. Unable to continue these policies except the one term insurance for INR 1 cr. Surrender value is too little. Can policies be just continued, without asking for refund and without paying premium?

Aug 8, 2016 by Dr Pankaj Agarwal,   |   Life Insurance

Please share with us the policy details and then only we will be able to reply to your query in details. The details should contain the Policy name (say, Jeevan Anand, endowment etc.) or code / Start date/ frequency of premium / premium amount and the term (maturity date).

However, please continue with the term insurance plan cover of One Crore.

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