POSTED BY October 15, 2014 11:04 am ONE COMMENT
ONI have taken LIC Endowment Assurance Policy (T.No.14) as per following details :
Yearly Premium : 1017/-
Policy Start Date : Sep-1997
Sum Assured : 25000
Policy Term : 25 Years
Vested Bonus : 23400
Current Surrender Value : 22214/-
I have paid premiums for 17 Years & current year premium is due for payment. I am not interested in continuing this policy as I want to consolidate all my investments and want to close all small & low return investments made.
Is it advisable to close this policy at this stage, since I have paid premium for 17 years & 8 years is balance. As per my current financial status, 25000 sum assured is very negligible amount & also paying premium of 1017 yearly is also very much affordable.
What will be amount I will be receiving on maturity if I continue this policy ?
2021 © Jagoinvestor.com All Right Reserved
you may raise your question at ‘ASAN IDEAS FOR WELATH’ group in Fb pls.
Let us know if it was helfpul. Join your other friends too there. [not a promotion]