11 replies on this article “LIC JEEVAN ANAND”

1. kalpesh joshi says:

   November 30, 2015 at 8:23 pm

   Hi ,

   I have 5 Jeevan Anand policies taken in 2007 with term of 27 to 31 Years with total sum assured of 5,00,000/- for yearly premium of 17,121/-. So I have paid total of 1,19,847.00 in 7 Years. I check with LIC I will get total Surrender value = 67,583.10 /- i.e. I will get only 65% paid amount if I surrender amount right now.
   Correct me If I am wrong , I require your help on this whether to surrender the policy or any alternative is available

   Reply
   1. Manish Chauhan says:

      December 1, 2015 at 7:16 pm

      These kind of policies leave you with a big loss if you are going to stop them midway . But even continuing them is going to give you a loss only. I would suggest if you dont need money right away , then you can make it PAID UP

      Reply
2. Ashal Jauhari says:

   February 18, 2013 at 5:51 am

   Dear Joshima, what’s the update from your side as on date?

   thanks

   Ashal

   Reply
3. Sanjay says:

   December 31, 2012 at 10:30 am

   1. I feel ICICI PruLife Online is better as ICICI is more reliable name. But recently ICICI Pru has increased its Term COver premium.

   2. FOr Health Insu – I have Apollo Family floater. I have also taken a Super Top up from United Insurance. This combo fives my family a cover of 20L with just Rs 35k premium (Age >45 yrs)

   Reply
4. Rosh says:

   November 5, 2012 at 5:51 pm

   Dear Joshma,

   Personally i dont know any finacial planners in india as i’ve never approached them in my life to discuss/plan about my finance/goals coz. i’m confident in managing my own finance, whatever the knowledge i earned from reading books, articles of ET, outlook money etc.. & personnel finance blogs specially jagoinvestor. u can contact Mr. Manish Chauhan, the owner of http://www.jagoinvestor.com, who has paid services for personal finance planning.

   thanks

   Roshan

   Reply
5. joshima says:

   November 5, 2012 at 5:31 pm

   Dear Roshan,

   Thank you Roshan. Would you be able to reccomend some financial planners in India with a good proven track record? someone like Dr K.K Goel of Ndtv social!

   Aegon Religare seems good, though I am a lil doubtful on Aviva. I need to take time on MF’s.

   Regards,

   Reply
6. Rosh says:

   November 4, 2012 at 6:11 pm

   Dear Joshima,

   1. Term insurance – Aegon Religare or Avia, but be careful to provide all ur details honestly.
   2. Also buy a medical insurance(family floater)
   3. MF – ICICI Pru. discovery growth, Quantum long term eq., Franklin india blue chip.

   Thanks

   Roshan

   Reply
7. joshima says:

   November 3, 2012 at 11:02 pm

   Dear Rosh,

   Again, so kind of you….will look seriously into equity MF and PPF!!! any particular suggestions on the term insurance/ equity MF…!! so could check on those..!!

   Regards,

   Reply
8. Rosh says:

   November 3, 2012 at 6:36 pm

   Dear Joshma,

   first of all i’d like tell u that, insurance + investment is a bad combination. one should not mix up these. keep insurance separate from investment. I strongly suggest u to read a book writeen by Mr. Manish “Jagoinvestor – change ur relationship with money” & understand the concept of insurance & investment.

   ur goal is to achieve 70L target for ur daughters education. currently ur a/premium seems to be 1.87L & insurance covered is only 30L??? For 29 yr old non smoking female pure online term insurance for a of 1 Cr will cost u around 6,500 – 7,000 per annum, balance amount u can invest in PPF & long term equity MF.

   Term insurance + eq. MF + PPF is a best combination.

   thanks

   roshan

   Reply
9. joshima says:

   November 3, 2012 at 4:17 pm

   Dear Rosh,

   Thank you for your quickie. I am going through the link and it seems to have ppl for and against the policy. I have nothing against the scheme. My actual issue is not being able to attain my target. 70 lakhs was my target for my daughters education and marriage. With this policy i had an insurance cover plus attainment of my goal. Now 70lakhs have dropped drastically to 54 lakhs which is a bit hard for me to digest. I am still trying to figure out in the shared link where have someone spoke clearly of quitting the policy.

   Regards,

   Reply
10. Rosh says:

    November 3, 2012 at 2:23 pm

    Dear joshima,

    http://www.mouthshut.com/review/Jeevan-Anand-review-qtnpppppsm

    Reply

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