POSTED BY June 3, 2013 4:44 pm COMMENTS (5)ON
I need some help on My LIC Policy – Its a Money Back Policy ( 6 Lakhs)
I am paying the LIC amount per year: 38080 (Policy Started on 28 May 2005)
I have taken this around 8 Years Back without knowing anything about this Product fully.
I got 1.2 Lakh Money in 2009 Year As per the Policy.
I have taken a loan of 86K(Last June-2012) from that Policy. I have paid Interst of 4K for this loan also.
Recently after your Articles..when I check with the LIC Agent, then that guy is saying that its a stupid policy and you wont get much returns also.
When I ask for the Closure then the Agent is saying that i will get only 48K.
If I pay another three Installments (19040*3) then again I will get another 1.2 Lakh mostly in Next Year.
Can you Please suggest me how can I go forward. whether I Can close this policy now? or continue upto the next year then Surrender in 2014. which one will be better. Can you please guide me on this. Thanks in advance.