POSTED BY February 16, 2012 9:41 am COMMENTS (11)ON
I’m 35 Yrs. old. I have invested in three LIC polices.
Invested Policies –
i) Jeevan Samridhi – 15 Years ( From 2005)
Sum Assured 1 Lakh, Yr.Premium – 10364
ii) Jeevan Anand – 15 Years ( From 2005)
Sum Assured 1 Lakh, Yr.Premium – 7300
iii) Bima Gold – 20 Years ( From 2005)
Sum Assured 2 Lakhs,Yr.Premium – 6716
Total Yr.ly LIC Premium-> 24380/-
After realizing last year, I have taken term insurance from SBI for 40 Lakhs with the premium of 13000/-. I’m also thinking to take another term insurance, if I surrender LIC polices.
Can you pls. advice…
– Is it worth continuing above said LIC policies? Can I surrender the LIC polices?
– Also advice, if any better investments to redirect LIC premium (ready to pay more premium for better plans)
– Pls. advise me to invest on retirement, child future plans
Thanks in advance.