1. I have a Home loan of 27 Lakhs from IDBI bank , Indira Nagar branch Ban and for which iam paying 30220 INR permonth as EMI. while i was taking the loan in 2009, the bank agent in home load dept told that it is mandatory that to home insurance and was issued a home insurance policy from IDBI fortis. and paid insurance around 74000 INR from loan amount itself.iam not sure if there is a possibility to surrender the policy or not.
2. I was forced to take (of course i agree that there is part of my mistake ) Jevan Anand LIC policy for 92000 INR premium per aanum for 15 years in 2010 and paid two instalments till now. out of which the insurance agent has returned his commission 22K. now should i continue paying the premiums for whole 15 years term?
3. I have taken a SBI horizon II ULIP policy with 12 K INR premium for policy term 20 years. and it is performing not so well and fund value is also low.
i took this policy in July 2007.
4. I have only one invest ment in Sundaram tax saver fund growth option fund for 30000 INR invested in May 2010.
Could you please advice some good equity mutual funds to get good retruns?