Comments on: Review of Jeevan Tarang Policy from LIC http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html Financial Planning , Insurance , Mutual Funds , Investments Wed, 08 Sep 2010 21:35:55 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Mahesh http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html#comment-12923 Mahesh Fri, 27 Aug 2010 11:54:32 +0000 http://www.jagoinvestor.com/?p=245#comment-12923 Many Many Thanks Manish . This information will help. I think now I can take decision :) Many Many Thanks Manish . This information will help.
I think now I can take decision :)

]]> By: Manish Chauhan http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html#comment-12892 Manish Chauhan Fri, 27 Aug 2010 03:20:20 +0000 http://www.jagoinvestor.com/?p=245#comment-12892 remember that in surrender value , first year premium is not included . so you will get around 40% of 4 premiums , that is 32% of your money . Also you will get some bonus accumulated with it , so over all I can see approx you will get 60-70% money Manish remember that in surrender value , first year premium is not included .

so you will get around 40% of 4 premiums , that is 32% of your money . Also you will get some bonus accumulated with it , so over all I can see approx you will get 60-70% money

Manish

]]> By: Mahesh http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html#comment-12888 Mahesh Thu, 26 Aug 2010 20:26:43 +0000 http://www.jagoinvestor.com/?p=245#comment-12888 Hi Manish, Yup, I was thinking to do same exercise which you told but I am not sure what amount I will get after 5 yrs. I don't know how Agent will prove but he just said surely after 5 yrs I will get the total invested amount in hand if I think to surrender. Even I asked in LIC office, if ever I can get any approximate amount after 5 yrs, but they denied to give. Hi Manish,
Yup, I was thinking to do same exercise which you told but I am not sure what amount I will get after 5 yrs.
I don’t know how Agent will prove but he just said surely after 5 yrs I will get the total invested amount in hand if I think to surrender.
Even I asked in LIC office, if ever I can get any approximate amount after 5 yrs, but they denied to give.

]]> By: Manish Chauhan http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html#comment-12886 Manish Chauhan Thu, 26 Aug 2010 19:51:57 +0000 http://www.jagoinvestor.com/?p=245#comment-12886 Mahesh Ask you Agent to prove it to you that it makes more sense to surrender after 5 yrs ? You have to consider two scenarios 1. You surrender after 5 yrs and get Amount A 2. You surrender now and get B at this moment and then Invest B for next 5 yrs and get amount C All you have to ask yourself is can you create a situation that C is more than A , if yes you can surrender now , else surrender after 5 yrs . Do this exercise ,you will be amazed :) Manish Mahesh

Ask you Agent to prove it to you that it makes more sense to surrender after 5 yrs ? You have to consider two scenarios

1. You surrender after 5 yrs and get Amount A
2. You surrender now and get B at this moment and then Invest B for next 5 yrs and get amount C

All you have to ask yourself is can you create a situation that C is more than A , if yes you can surrender now , else surrender after 5 yrs .

Do this exercise ,you will be amazed :)

Manish

]]> By: Mahesh http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html#comment-12881 Mahesh Thu, 26 Aug 2010 19:06:51 +0000 http://www.jagoinvestor.com/?p=245#comment-12881 Hi Manish, Thanks for your valuable reply. Loss= Yes I mean will I get less money even after 5 yrs. I know currently i will get very less money then what I have paid but my agent told that surrendering the policy after 5 yrs will be no profit no loss. So was thinking whether to surrender now or after 5 yrs. You are correct I am getting only 40% if I am surrendering all my policies (checked on LIC site only), which I took 3 yrs back. So shall I surrender the policies after 5 yrs or its better to do it now? Hi Manish,
Thanks for your valuable reply.
Loss= Yes I mean will I get less money even after 5 yrs.
I know currently i will get very less money then what I have paid but my agent told that surrendering the policy after 5 yrs will be no profit no loss. So was thinking whether to surrender now or after 5 yrs.
You are correct I am getting only 40% if I am surrendering all my policies (checked on LIC site only), which I took 3 yrs back.
So shall I surrender the policies after 5 yrs or its better to do it now?

]]> By: Manish Chauhan http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html#comment-12880 Manish Chauhan Thu, 26 Aug 2010 18:54:25 +0000 http://www.jagoinvestor.com/?p=245#comment-12880 Mahesh You have to define the meaning of "Loss" here. If you mean getting less than what have paid so far is loss , then yes , you will be in loss. After 3 yrs , when you surrender, you will get approx 40% of your paid money + Bonus , thats all .. check exact number :) Manish Mahesh

You have to define the meaning of “Loss” here. If you mean getting less than what have paid so far is loss , then yes , you will be in loss. After 3 yrs , when you surrender, you will get approx 40% of your paid money + Bonus , thats all .. check exact number :)

Manish

]]> By: Mahesh http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html#comment-12879 Mahesh Thu, 26 Aug 2010 18:19:57 +0000 http://www.jagoinvestor.com/?p=245#comment-12879 Hey Manish, Could you please help me to know if I surrender my LIC policy after 5 yrs will there be any loss ? Hey Manish, Could you please help me to know if I surrender my LIC policy after 5 yrs will there be any loss ?

]]> By: Mahesh http://www.jagoinvestor.com/2009/08/review-of-jeevan-tarang-policy-from-lic.html#comment-12646 Mahesh Sun, 22 Aug 2010 14:35:47 +0000 http://www.jagoinvestor.com/?p=245#comment-12646 Hi Manish, I have one question for you ? I am about to surrender my Jeevan Mitra and Jeevan Anand Policy but my agent is saying that "don't surrender now you will be in a big loss( which i know) surrender it after 5 yrs then there will be in no profit and no loss." Is it true? I have paid 3 yrs premium till now. Hi Manish,
I have one question for you ? I am about to surrender my Jeevan Mitra and Jeevan Anand Policy but my agent is saying that “don’t surrender now you will be in a big loss( which i know) surrender it after 5 yrs then there will be in no profit and no loss.”
Is it true?
I have paid 3 yrs premium till now.

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