Advice on LIC Endowment Policy – Table number 14 ?

POSTED BY ravimodi ON October 15, 2014 11:04 am ONE COMMENT

I 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 ?

One reply on this article “Advice on LIC Endowment Policy – Table number 14 ?”

  1. Dr.Sachin says:

    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]

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