Is it good to continue LIC Jeevan anand & Jeevan saral ?

POSTED BY naln ON December 13, 2013 9:14 am COMMENTS (4)

i have completed paying 4 half yearly premiums for LIC Jeevan Anand, Jeevn saraal with sum assured 7lakhs and 5lakhs in an  idea that it would produce high returns.  Now in a dilemma whether to proceed with further premiums.

Kindly clarify?

Policy has completed 2 years.

4 replies on this article “Is it good to continue LIC Jeevan anand & Jeevan saral ?”

  1. ashalanshu says:
    December 14, 2013 at 10:08 am

    Dear Naln, the SV is zero as on date.

    thanks

    Ashal

    Reply
  2. Bhavesh Furia says:
    December 13, 2013 at 8:06 pm

    Hello nain,

    Don’t have much idea about surrender value.
    Would recommended you to ask in nearby LIC office with your policy number.

    Reply
  3. Bhavesh Furia says:
    December 13, 2013 at 4:43 pm

    Dear naln,

    First of all policies should not be taken for investment purpose. It should be always always taken for insurance purpose only (term insurance).

    Since both of your policies are endowment plans whose returns will be very less compared to other investment products, I suggest you to discontinue both of these policies and buy a term policy.

    Reply
    1. naln says:
      December 13, 2013 at 6:59 pm

      Thanks Bhavesh.

      Any idea on amount of return (surrender value) that I would be getting if surrendered. Currently i have paid around 90k for Jeevan anand , 50K for Jeevan saral. Completed 2 years

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.