LIC Jeevan Saral – Continue or discontinue?

POSTED BY wyashvant ON May 2, 2014 10:17 am ONE COMMENT

I am 30 now. Had bought LIC Jeevan Saral 4yrs 3months back.

15yr term
2.5 lac sum assured
Paid ₹52,000 till date

If I quit today, will get ₹33,750. Shall I continue or surrender and opt for pure life term product?

I do not have policy other than Employer provided Group health/death insurance coverage up to ₹8 lacs.
Dependants wife and mother. No loan/EMI /Credit Card. Salary 30k pm pune. Rented home.
Planning to buy a flat costing ₹30 lacs.
Any financial suggestions are most welcome.

One reply on this article “LIC Jeevan Saral – Continue or discontinue?”

  1. ashalanshu says:

    Dear Yashwant, first of all please purchase a term cover of good amount. After that surrender this policy and invest the surrender amount as well as fresh prem. in PPF, FDs, MFs.



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Your email address will not be published.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.