POSTED BY April 23, 2013 2:06 pm COMMENTS (2)ON
I am covered with term insurance of good amount which almost 10 times of my current income. I have traditional kind of endowment policy, for which I am paying premium of around 30K per year and have to pay another 14 year and since then I will be getting money back every year till I become 80 years old.
I am just thinking of surrendering this policy as coverage is much less when compared with the premium I am paying for it.
I would like hear your suggestions on the same.
Thanks & Regards,