Can I surrender or close my LIC policy and get a refund?
Yes, closing and getting the surrender value is very easy in LIC of India. LIC policies, after the lock-in period, can be surrendered, and as per the terms of the plan, value will be paid to the policyholder.
The Documents required for policy closure are:
- Original policy document
- PAN Card copy of the policyholder
- One Bank cheque leaf cancelled with the name of the policyholder printed on it or
- Bank passbook copy self attested.