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?