January 6, 2014 3:29 pm
My frind is having jeevan anand policy for the last 4 years. He has paid premium for the years 2010, 2011,2012 and 2013 . He wants to either surrender it or make it paid up.
thanks for your feedback. My friend decided to surrender the policy. Cheers..
Dear Waris, w’d your friend like to amputate a finger today or an arm tomorrow?
Surrender if you are ready to accept the past loss and directing the future premiums to some other instruments that will make up the past Loss.
Term insurance + PPF will be good for a less risk taker
Term Insurance + MF if you can take bit more risk.
Evaluate the insurance requirement before taking term insurance
Surrender the policy only after taking term insurance. So that you will not be left with zero cover at any point of time.
If its difficult to accept the loss from past premiums. Just make it paid up.
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