Dear Manishbhai
Myself and my wife earning 50000 per month.
We are having 2 nos. Jeevan saral policy for 35 years term for my wife one 24000 per anum & other 36000 per anum. first one started in jan 2009 & other one in Sept 2011.
After reading your blogs for jeevan saral & other lic policies I was shocked.
Kindly advice me if I am satisfied with 8-9% return then shall I continue with jeevan saral as pension fund or not.
I am planning for term insurance for 1 crore either from hdfc click 2 protect for 30 years or I-raksha supreme from tata-aia for 40 years.I prefer tata due to name & 40 year term.
Shall I take term insurance for my wife or not?
I am having Jeevan sathi policy with premium 19545 per anum from jan 2009 for 30 year term.It has accumulated 96000 vested bonus.shall I continue same or not?
Regards,
Jwalant