Hi,
My age is 29, married. I have taken two life insurance from two companies the details are as below,
****Birla Sun Life Insurance policy as on 9-Jan-2012***
Commentcement date 10-Feb-2009
Sum Assured 2,00,000
Plan Dream Plan-Life Cvg-Opt 100% -Term 20
Policy Term 74 (Premium paying term: 25)
Premium 20,023.02
Fund Type (SFIN) Individual Life – Enhancer (ULIF00213/03/01BSLENHANCE109)
MoneyBack Date 10-Feb-2029
MoneyBack Amount 3,87,000.00
Portfolio Details as on 9-Jan-2012
NAV as on last date 33.3580
No. of Units 1,280.124
Unit Fund Value 42702.38
Coverage Information
Plan-1 Dream Plan-Life Cvg-Opt 100% -Term 20
Coverage Status Active
Modal Premium 16,137.90
Face Amount 2,28,330.00
Issue Date 10-Feb-2009
Plan-2 Dream Plan-Enhanced Sum Assured Term 20
Coverage Status Active
Modal Premium 3,885.12
Face Amount 2,272,000.00
Issue Date 10-Feb-2009
****LIC policy as on 9-Jan-2012***
Commentcement date 28-Dec-2008
Sum Assured 2,00,000.00
Plan Jeevan Anand (T.No. 149)
Policy Term 74 (Premium paying term: 25)
Premium 8,449.00
Accrued Bonus 27400.00
Loan Eligibility Amt 12000.0
I want to paid up/surrender the odd one/both and want to take new term insurance. Please contribute so me/other having same confusion can take right decision. I also invite inputs/suggestions on the term insurance to take.
Thanks,
Jigs