I have the following policies taken 8 years back.
1. LIC New Jeevan Shree
2. LIC Jeevan Rekha
3. LIC Jeevan Suraksha
I have taken up adequate term life insurance cover and I invest separately in mutual funds. I no longer want these LIC policies. How do I convert these into paid up policies? These were taken in the Bangalore branch of LIC.
btw, i meant “paid up” policy.
I Got a LIC Jeevan Shree Policy plan no 112 for a policy term of 25 years with preimium term of 4 years which are fully paid up now. Is it possible to reduce the policy terms from 25 years to 10 or 15 years?