Reliance Guaranteed Money Back Plan – Shall i continue?

POSTED BY Vijaianand ON January 25, 2015 4:10 pm COMMENTS (3)

Hi,

Bought Reliance’s Guaranteed Money Back Plan – on March 2014 with annual premium of Rs.97,000.

Policy term 15 Years and Policy paying term 10 Years.

Return will be like this

March 2025 to 2028 – Rs.131,330

March 2029 – rs. 350,215 plus loyalty and maturity addition of Rs.262,650 and Rs. 131,330.

Shall i continue this for 10 years or to make as paid up after 3 years? Need advice.

I have Term Plan for Rs. 75 Lakh and my kid is 28 months old.

3 replies on this article “Reliance Guaranteed Money Back Plan – Shall i continue?”

  1. Hemanth says:
    January 25, 2015 at 5:00 pm

    better return these moneyback policies and invest in mutual funds

    Reply
    1. Vijai says:
      January 25, 2015 at 7:08 pm

      Thanks for answer.
      Shall I make one more payment to make it as Paid-up or discard with out making to paid-up?

      Reply
      1. Hemanth says:
        January 26, 2015 at 12:10 am

        check how much u will get if u pay now and discard it….. check how much u get if u discard it now…. depending on it take a decision.

        Reply

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