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POSTED BY ON June 1, 2013 11:21 am ONE COMMENT
My self Bhupendra working as a marine engineer on ship for 7 yrs ! I bought LIC JEEVAN TARANG policy (with profits) (TABLE NO 178) for regular annual premium of Rs 73380 for 20 yrs started on august 2009. I have paid 4 premiums till now. Is it worthwhile to continue this policy since this is also a pension plan ! Will my nominee gets death or accident benefit if something untoward happens to me in international waters (ie outside indian waters) on ship? I have already declared marine engineer as service . Is there any additional form to be filled for mariners, so that LIC will entertained my nominee in case of accident or death!
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The policy is not about 4 years old and you had mentioned your job. So nothing to fear reg. claim rejection.
In general such plans are not a good idea to invest in. If you are already invested you should consider several factor before making a decision.
blind advice about mixing insurance and investment are not good enough.
Read this to get some perspective
http://freefincal.wordpress.com/2013/04/26/omg-just-realized-my-insurance-policies-are-worthless-what-do-i-do/