MyInsuranceClub
India's 1st IRDAI Approved Insurance Web Aggregator
  • Our Products
    Motor Insurance
    • Car Insurance
    • Two-Wheeler Insurance
    Health Insurance
    • Health Insurance
    • Critical Illness Insurance
    • Personal Accident Insurance
    • Maternity Plans
    • Senior Citizens Plans
    Life Insurance
    • Term Plans
    • Endowment Plans
    • Money Back Plans
    • Child Plans
    • Pension Plans
    • ULIPs
    Other Insurance
    • Travel Insurance
    • Home Insurance
    • Corporate Insurance
  • My Account
  • My Account
    • My Policies
    • Log Out
×

Ask an Expert - Your Personal Insurance Advisor

If you like our site, do share it with family & friends
Hugs to you in advance :)

Dattada Subrahmanyeswara Raju
April 20, 2019
Share this interaction   Share this  
Facebook 0 Twitter 0

Hi, I have invested in iciciprulife guaranteed savings insurance plan. My yearly premium is Rs.50,000. So far I have paid 5 premiums and 2 premiums are due and presently policy is in paid up status. I was Unable to pay the premium due to job loss. Now I am in Position to pay the same. Please advise me whether it is better to surrender this policy or pay the premium with reinstatement amount..

Reply to this  
Response(s)

Deepak Yohannan
MIC Staff

April 20, 2019 : Answered in 1 Hour

Hi Raju, you will have to pay the due premiums with interest. These plans anyway offer low returns. So paying interest and reviving them may not give you overall good returns. Best to leave it as paid up..

Avatar
Reply to this  
Did you find this useful?
0
0

Visitor Response

88%

12%

Total Questions Answered:
Please Login to Ask Our Experts
Undefined Error.

Company Information

  • About Us

Connect with Us

  • Contact Us
  • Feedback

Other Links

  • Ask an Expert
  • Insurance Articles
  • Insurance Guides
  • Insurance News
  • Insurance Videos
  • Life Insurance Companies in India
  • General Insurance Companies in India
  • Terms of Use

Quick Links

  • Get your Policy Analysed
  • Claim Assistance
  • My Account

Quick Connect

  • Phone: 022 61647056
  • Email: contact@myinsuranceclub.com

Insurance Regulatory & Development Authority (IRDAI) License Details
Important: Insurance is the subject matter of solicitation

© 2009-2019 MyInsuranceClub.com

  • Stay Connected!
  • Latest Product Launches
  • Resolve Queries
  • Industry News
  • Contests & Prizes
    • Like us on Facebook
    • Follow @myinsuranceclub
    • Recommend us on G+
    • Subscribe to our Youtube Channel
    • Follow us on Linkedin