LIC Money back policy – continue or surrender?

POSTED BY suresh ON November 2, 2013 9:01 am ONE COMMENT

Hi

I have taken Money back policy in Aug 2011 and  have paid 24 prems (half yearly) so far.  I have received 100000 in 2006 and another 100000 in 2011.   Half yearly prem is 16015 Rs. Please let me know if it makes sense to continue for another 8 years or should I surrender now?

Thanks

One reply on this article “LIC Money back policy – continue or surrender?”

  1. I think you meant you invest in 2001 , not 2011 .

    now , whether to invest further or to surrender is dependent on your satisfaction with the policy and what you need next ?

    If the time left in maturity of this policy is few years, then better go ahead and complete it !

    Manish

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