Hi,
This is mahendra Satwe from mumbai India.
i Just want to know what happen of the premium paid by policy holder if he commit suicide after 5 years of commencement of policy,
one of my friend commited suicide in last month and he has around 13 policies of take from LIC around
2.5 lac each (12 policies )and one is of 25 lack jeevan saral, these policies are 5 years old, does his parents get some benifit from that nominee is mentioned on the policy is his monther. Please advice what can be done in this case, cause his mom dad don't have anything to servive.
Regards
Mahendra