Need advise on LIC Jeevan Saral

POSTED BY Pratik Desai ON March 21, 2013 5:34 pm COMMENTS (2)

I have a small problem. Couple of years back (when i was not aware of jagoinvestor) my father made an investment on my name in LIC Jeevan Saral policy.
Now after reading stuff on jagoinvestor and on my own knowledge gain, I have started believing that this is not a good investment if I am looking for a good return in a medium to long run period. (Specially when I see the good return on ELSS funds, mutual funds).
I need your suggestions. What should be my best option to go about this policy with minimum damage to my investment.
I have questions like Should I surrender it? If yes when ?
Should I wait for atleast 5 years?
And there is a problem of tax exemption if I stop this policy. Where else should I invest inplace of this policy?

2 replies on this article “Need advise on LIC Jeevan Saral”

  1. Dear Pratik, regarding tax benefit, what about your PF, PPF, term insurance? Please stop your damage by surrendering the policy now.



    1. Pratik Desai says:

      Hey thanks Ashal.

      I will need to make a strong decision here !!!!

      Pratik Desai

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.