POSTED BY December 7, 2013 6:53 am COMMENTS (8)
ONDear Sir,
I have following policies:-
1. Reliance Guaranteed Money Back Plan-40,000/- annual : started on 08/11/11.
2.Reliance Highest NAV Advantage plan -RP-20,000/- annual : started on 13/09/11.
3.LIC Endowment Assurance Policy-19,000/- annual : started on 10/02/10.
4.LIC Money Back Policy-12,700/- annual : started on 28/02/04.
5.LIC Jeevan Nidhi Policy-10,100/- annual : started on 28/02/05.
May I request you all please suggest if should I continue with this policies or quit.
I have mutual fund also.
Thanks.
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Dear Soudipta, for 2011 policy you may not get any amount if only 2 yly prem. have been paid. For 2010 policy, the surrender value ‘ll be 30% of the 2nd and 3rd year’s prem. paid by you along with some Bonus.
Thanks
Ashal
Any Idea What is the % amount money , I will get for policy started in 2010 & 2011?
Dear Soudipta, the paid up policy money ‘ll be returned to you only at the maturity. To make the policy paid up, please contact your policy serving branch.
Thanks
Ashal
What is the procedure to do paid off a policy ? Will they give back the money now or after completion of full term of the policy
Thanks!
Any Idea What is the % amount money , I will get for policy started in 2010 & 2011? And for paid up policy for 2004 & 2005
Dear Soudipta, now what is the take of your money’s friends for your situation? In my personal opinion, please surrender the policies started in 2010 and 2011. Make the policis paid up for 2004 and 2005.
Purchase adequate Term cover for financial safety of your family.
Invest your hard earned money into pure investment instruments like PF, PPF, RDs, FDs, MFs.
Thanks
Ashal
They showed bright returns & agents were friends
Dear Soudipta, why did you purchase so many policies?
thanks
Ashal