Last year 13/04/2011 I started a LIC policy jeevan mitra triple by paying 28531 per/year for 7 laces SA with accidental and permanent disability benefits.
Now I am going to stop this policy and left the money I paid to LIC.
I will break 28531 from this year onwards to i term plan (7500 for around 50 laces cover) and will invest 21000 in PPF.
Will it be good decision in term of return and insurance? If possible please explain.
OR
Will it be bad decision in term of return and insurance? If possible please explain.
Also let me know if bonus and final additional bonus is given regularly on this policy as per past records?
Please do not suggest about MF as I am already investing in that.
Please provide your valuable answers on these points.
Thanks in advance.