POSTED BY March 18, 2013 6:27 pm COMMENTS (2)ON
I am 43 year old now , I work in Govt sector , I purchased BSLI DREAM PLAN in Dec 2009 , I have to pay a premium of Rs 11,770 /- every year ( I have paid 4 times till date , i.e. 47080 ).
The Birla web portal says My sum assured value is Rs 40575 / – and enhanced sum assured value is Rs 24,60,000 /- , further it shows that my net fund value is Rs 16,147 /-
I am told that in the case of mis happening ( death ) , the nominee will recieve = the Sum Assured + the Fund Value + Enhanced Sum Assured . ( Is it true or false , I want to confirm )
further , I was comparing it with , newly available term plans , from Religare or Bharti AXA and HDFC
I could see that I can get total insurance of 50 lakh by paying 10,000 to 14000 per year approx .
should I switch , by making my BSLI dream policy paid up or from exiting it and take a new TERM PLAN of 50 lakhs . I am confused , some rational advice is needed
I invest in mutual funds through SIP and invest in stock market also