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I think Term Insurance from LIC is very expensive and I should discontinue it

Deal All,

Last year, i purchased term insurance (1) 50 lacs sum assured from Bharti AXA – premium 5000 Rs.  (2) 10 lacs sum assured from LIC – premium 4400 Rs. ,  now i feel the insurance from LIC is very expensive and thinking to discontinue from LIC, anyone kindly suggest me the right solution that do i need to continue or not.

Ramesh

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