I am going to surrender my few LIC Jeevan Anand polices, thanks to JagoInvesters forum for opening my eyes.
Here are the details:
Total Paid amount: 4.3 lacs (9 Polices, paying from last 6 years)
Surrender Value: 2.6 lacs
Now the QUESTION is where to invest this lumpsum amount (2.6 lacs) for long term period to get maximum return.
Apart from this, I am planning to start:
(1) Term Insurance (HDFC C2P or Aviva iLife)
(2) PPF in SBI (Rs.5000)
(3) SIP in below funds using FundsIndia:
– Franklin India blue chip (Rs.3000)
– HDFC Equity (Rs.4000)
– IDFC Premier Equity (Rs.2000)
Requesting all senior members to please suggest best option to invest above surrender amount.