From,
S. Rai,
Rai Villa,
Rai Colony,
Belagavi
January
1, 2021
To,
The
Manager,
Life
Insurance Corporation of India,
Belagavi
Division
Sub: Surrender of Life Insurance Policy.
Dear
Sir/ Madam,
This
refers to my Life Insurance Policy No: 689583210, for a sum of Rs 2, 00, 000 and
Life Insurance Policy No: 678504523, for a sum of Rs 100,000.
I would like to inform
you that I won't be able to continue paying the premiums on the above policies.
Therefore, I would like to surrender my insurance policies for payment of its
full cash value. I would appreciate a written confirmation from you.
I understand that surrendering these policies,
means that it cannot be reinstated later on, and the death benefit, which goes
along with it, also gets terminated. Please reimburse the full cash value that
I am entitled to receive, and cease the premium payments that are charged from my
bank account.
Thank you for your timely consideration in this
matter.
Thanking
you,
Yours
faithfully,
S.
Rai
