Is it better to take loan on LIC Jeevan Shree or liquidate it ?

POSTED BY narasimhan ON April 25, 2014 12:16 pm COMMENTS (2)

Hi,

I have 2 of the above type policies as follows.

DOC 28/01/2001 For Sum assured 5lac DOM 28/01/2016

28/03/2001                                    5lac            28/03/2016

Around 28/07/2014  I need some funds to meet wedding expenses.

How much loan can I raise on these 2 policies on 28/07/2014? Is it better to take loan and pay interest and ultimately settle the loan from the proceeds of the matured amount on DOM Or liquidate the policies on 28/07/2014?

Thanks

2 replies on this article “Is it better to take loan on LIC Jeevan Shree or liquidate it ?”

  1. ashalanshu says:

    Dear Narasimhan, please opt for loan. Surrender ‘ll prove costly at the end of term.

    Thanks

    Ashal

    1. narasimhan says:

      Dear Ashal,
      Thank you very much.
      Regards
      Narasimhan

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