POSTED BY December 6, 2014 7:24 pm NO COMMENTSON
I have 2 LIC policies both are for 20 years policy term
1. Jeevan Anand – Sum Assured : 5,00,000 – Premium – 26100/- per year
2. Jeevan Tarang : 3,00,000 – Premium 15066/ Per year
Both the policy i started in year 2006 and I pain premium for 9 year
2014 premium also i paid.
Annually I am making payment of 41000/- for LIC
I started term insurance for 1,00,00,000 (DEC 2014 on wards) 12000/premium
I want suggestion,
Is it good idea to surrender both the policies now ?
If i surrender policies how much money i may get ?
Should i wait 1 more year to complete 10 year and then surrender ?
What are the other good options to invest after taking surrender money ?
Please suggest all the possible ways