Can Varishtha pension Bima Yogana policy can be surrender ?
(Querist) 10 March 2011
This query is : Open
My Mother has taken Varishtha pension Bima Yojana in the year 2003 from life insurance corporation and now we want to surrender the same, but lic is refusing to do so, as my mother needs money.
LIC says these policy doesnot have the provision of surrender and hence it will mature only after death. Age of my mother is 82 years
what can we do in these case ?