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Surrender of money-back insurance policies?
I have two money-back insurance policies worth a lac each bought more than five years ago: one from LIC and the other from Kotak. I have always paid the premiums regularly and also received the first cheque of about Rs20K from both the companies early this year. I also have term assurance and so want to surrender the money-back policies. I am planning to invest the MB premium money in bonds and, or mutual funds. I would like to know the procedure to surrender the money-back policies and know approximately how much shall the companies pay me back after surrendering the policies. Thanks.
LIC of India has the following telephone numbers dedicated for its customers / clients on which you can ask your question:-
Contact Numbers
Info-Center Locations Contact No.
New Delhi 011 - 2332 9595
Mumbai 022 -2612 5555
Kolkata 033 - 23341765,23211893/94/95
Chennai 044 - 28602626/28602929
Hyderabad 040 - 2323 6687
Bangalore 080 - 22485210
Pune 020 - 2553 6161
Ahmedabad 079 - 2550 7777
Central Zone
Division
Telephone Number
BHOPAL 0755 – 267 6254
GWALIOR 0751 – 244 8606
INDORE 0731 – 252 3513
JABALPUR 0761 – 242 2941
RAIPUR 0771 – 258 3056
SATNA 07672 – 22 8100
SHAHDOL 07652 – 24 8906
Eastern Zone
Division
Telephone Number
ASANSOL 0341 – 225 6012
BERHAMPUR 0680 – 229 6390
BHAGALPUR 0641 – 242 1751
BONGAIGAON 03664 – 22 8281
CUTTACK 0671 – 230 7857
GUWAHATI 0361 – 260 5212
HAZARIBAGH 06546 – 26 5401
HOWRAH 033 – 2243 4614
JALPAIGURI 03561 – 25 5443
JAMSHEDPUR
0657 – 242 0564
JORHAT
0376 – 236 0994
KMDO – I
033 – 2212 6122
KMDO – II
033 – 2478 4066
KSDO
033 – 2334 2708
MUZAFFARPUR
0621 – 224 5213
PATNA
0612 – 220 4067
SAMBALPUR
0663 – 254 0354
SILCHAR 03842 – 24 1716
Northern Zone
Division
Telephone Number
AJMER
0145 – 266 1237
AMRITSAR
0183 – 255 5629
BIKANER
0151 – 223 0929
CHANDIGARH
0172– 278 4620
JAIPUR
0141 – 274 2380
JALANDHAR
0181 – 223 0227
JODHPUR
0291 – 251 5547
KARNAL
0184 – 226 6580
LUDHIANA
0161 – 252 1838
NEW DELHI – I
011 – 2331 0868
NEW DELHI – II
011 – 2250 6039
NEW DELHI - III
011 – 2555 1971
SHIMLA
0177 – 262 8284
DO CELL JAMMU
0191 – 247 5839
UDAIPUR 0294 – 248 7103
NORTH-CENTRAL ZONE
Division
Telephone Number
AGRA
0562 – 252 5972
ALIGARH
0571 – 242 0066
ALLAHABAD
0532 – 246 7553
BAREILLY
0581 – 256 7368
DEHRADUN
0135 – 266 8231
GORAKHPUR
0551 – 234 5897
HALDWANI
05946 – 25 3569
KANPUR
0512 – 231 2605
LUCKNOW
0522 – 261 4493
0522 – 229 4118
MEERUT
0121 – 267 1201
VARANASI 0542 – 245 4420
Southern Zone
Division
Telephone Number
CHENNAI DO – I
044 – 2860 4197
CHENNAI DO – II
044 – 2345 1551
COIMBATORE
95422 – 230 4255
ERNAKULAM
0484 – 236 1938
KOTTAYAM
0481 – 256 6702
KOZHIKODE
0495 – 272 7525
MADURAI
0452 – 253 7778
SALEM
0427 – 241 1487
THANJAVUR
04362 – 23 3678
TIRUNELVELI
0462 – 256 0678
THIRUVANANTHAPURAM
0471 – 254 0119
VELLORE 0416 – 222 4091
SOUTH-CENTRAL ZONE
Division
Telephone Number
BANGALORE – I
080 – 2223 4903
BANGALORE – II
080 – 2525 3492
BELGAUM
0831 – 246 8970
DHARWAD
0836 – 244 1968
HYDERABAD
040 – 2342 0788
KADAPA
08562 – 25 4386
KARIMNAGAR
0878 – 224 0597
MACHILIPATNAM
08672 – 22 3372
MYSORE
0821 – 249 5764
NELLORE
0861 – 232 3072
RAICHUR
08532 – 23 0453
RAJAHMUNDRY
0883 – 242 3832
SECUNDERABAD
040 – 2766 7368
UDUPI
0820 – 253 6907
VISAKHAPATNAM
0891 – 251 3410
WARANGAL 0870 – 257 8815
WESTERN ZONE
AHMEDABAD
079 – 2551 1419
AMRAVATI
0721 – 255 2140
AURANGABAD
0240 – 232 9299
BHAVNAGAR
0278 – 251 7362
GANDHINAGAR
079 – 2322 4921
GOA
0832 – 243 0415
KOLHAPUR
0231 – 266 1135
MUMBAI DO – I
022 – 2202 8225
MUMBAI DO – II
022 – 2401 0375
MUMBAI DO – III
022- 67819218 / 67819219
SSS DO
022 – 2611 4968
MUMBAI DO - IV
022 – 2284 4128
NADIAD
0268 – 255 7117
NAGPUR
0712 – 252 0603
NANDED
02462 – 22 3329
NASHIK
0253 – 231 7607
PUNE
020 – 2551 2969
RAJKOT
0281 – 248 3210
SATARA
02162 – 22 7823
SURAT
0261 – 241 1940
THANE
022 – 2582 7728
VADODARA 0265 – 236 2407
Kotak Mahindra Life Insurance has the following telephone numbers dedicated for its customers / clients on which you can ask your question:-
1800 22 8081
( Toll free number) All over India for all BSNL/MTNL numbers
6050 5000
( TATA number) Local call from Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Pune, Hyderabad, Bangalore
6050500
( TATA number) Local call from Baroda, Bhopal, Chandigarh, Cochin, Coimbatore, Goa, Jaipur, Jamshedpur, Karnal, Lucknow, Nagpur, Surat



US $48.95













