Hi JI,
I have a policy from BSLI named “BSLI Dream Endowment Plan” started on February 2010. Its term is 30 years with 30 years premium paying with Rs. 11861/year as total premium.
The premium is a sum of two premiums. Rs. 8019 for the plan “BSLI Dream Endowment Plan” with an SA of 3 Lacs + Rs. 3842 for “Enhanced Sum Assured” with an SA of 17 Lacs.
This policy was actually suggested by a Financial Advisor friend of mine at that time, so I took it though I did not understood fully what this two parts of premium means. Does this actually mean, I may get an SA of 17+3=20 Lacs after 30 years?
Should I continue with this policy, could you please advice?
Regards/Jay