My LIC policies completed 7 year – What to do next ?

POSTED BY vikasbamwalji ON August 14, 2014 6:32 pm ONE COMMENT

Dear sir

I have 8 LIC policies from November 2007 which is

1. Anmol Jeevan-1 (5 lac )– Table No. 164 (For 25 year)
2. The Money back policy – Table No. 75 (for 20 year)
3. The Endowment assurance – Table No 14(for 21 year)
4. The Endowment assurance – Table No 14(for 22 year)
5. The Endowment assurance – Table No 14(for 23 year)
6. The Endowment assurance – Table No 14(for 24 year)
7. The Endowment assurance – Table No 14(for 25 year)
8. The Whole Life Policy – Limited Payment –Table No. 5 (for 25 year payment)

Sir at that time I was unknown for lic rate of return but now I can understand that the rate of return of LIC policies is very low. My annually premium of all policies are Rs.23018 and it is batter to put my money in in PPF or mutual fund, and continue term policy anmol jeeven-1.

So I am very confused either continues these policies as 7 year has been completed or surrender or paidup these policies. Please help me and suggest me, what will be the best for me. So that I can go in right direction.

One reply on this article “My LIC policies completed 7 year – What to do next ?”

  1. vikasbamwalji says:

    Dear All
    Any body can give me good suggestion.

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