LIC POLICIES REVIEW

POSTED BY Jig ON January 8, 2012 5:21 pm COMMENTS (3)

hello all, below are the details of LIC investment done by my Father. Can you please pass your view for acting on these policies?
BIMA KARAN 1999 30 YRS- 3 LAC – 2503 YRLY
JIVAN ANAND 2002 16 YRS – 1 LAC- 7013 YRLY
BIMA KIRAN 2008 16 YRS- 2.5 LAC- 3062 QRTLY
I have myself taken 30 lac term plan and investing in MFs. Please suggest what need to be done with these investment? Thanks

3 replies on this article “LIC POLICIES REVIEW”

  1. Dear Jig, As you are already covered under a term cover of 30L Rs. my take ‘ll be to opt for total surrender of all these policies. Receive the amount & invest it for long term.

    Both the Bima Kiran plans are basically low sum assured return of prem. Term plans. I hope you already know that return of prem. kind term plans are not the good thing to have one.

    Regarding Jeevan Anand, enough has been discussed here in this forum as well as there was an article also from dear Manish.

    Thanks

    Ashal

  2. Jig says:

    Dear Ashal,
    Myself is the insured person in all cases.
    thanks

  3. Dear Jig, Who is the insured person in these policies, you or your father?

    Thanks

    Ashal

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