POSTED BY October 20, 2011 11:07 am COMMENTS (2)ON
I was late to follow action month, but its good to be little late than never. Already I got rid of one useless LIC policy, arranged documents at one place in folders, opened one RD account etc etc.
This is my old thread where I asked about my illiteracy in financial terms:
Now here is the calculation as on date:
Policy ‘bought-in-haste-and-without-study’ (and *not* mis-sold) : May 2008
SA: 4 lacs
Total premium paid: 1,02,500/-
Current policy status: In Force
Current Value: ~63,000/-
Currently in debt(70%)+equity(30%) fund.
I am thinking of surrendering this policy and invest it in NSC/+SIP to make sure I will at-least recover the loss over period of time.
Can you please provide me valuable suggestions?