Advice needed on Life insurance plans and what I need to do ?

POSTED BY hardik_dan ON March 14, 2014 8:46 am COMMENTS (3)

Hi Friends,

I need advice on two policies i have right now,

1) policy is Max life  Life Gain Plus 20 participating plan.

I am paying each year 15,000 Premium and

http://www.maxlifeinsurance.com/Plans/insurance-plans/savings/life-gain-premier.aspx

I have paid 2 premiums for this policy and now i am not sure its good option after going through jagoinvestor so can anybody help me with this.

2) HDFC SL Classic Assure

I am paying 20,000 per year

Sum assured shown is 2,18,187 after 20 years and premium paying term is 7 years and i have already paid for 2 years.

I have paid 2 premiums for this policy and now i am not sure its good option after going through jagoinvestor so can anybody help me with this.

Thanks.
Hardik

3 replies on this article “Advice needed on Life insurance plans and what I need to do ?”

  1. ashalanshu says:

    Dear Hardik, what type of help you need when the path is already clear to you? You need to surrender your policies. no surrender value ‘ll be given to you as minimum 3 prem. has not been paid. If you opt to pay one more prem. you ‘ll only increase your loss.

    Thanks

    Ashal

  2. hardik_dan says:

    Hi Ashalanshu,

    After learning lots of things here i found the same that’s what my question is what should i do now ?

    Can you help me ?

    Can anyone help me with this ?

  3. ashalanshu says:

    Dear Hardik, both these policies are neither good for insurance not for investment. what do you want to do now?

    Thanks

    Ashal

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