Hi,
I had started monthly SIP of 5000 each in 2 policies Birla sunlife Dream Plan and Birla sunlife Supreme Life from 2007.
Following are the details of the 2 policies:
Coverage Type Face Amount Premium Details Issue Date
Dream Plan-Life Cvg-Opt 300%-Term 25 1,025,770.00 4,581.11 21-Nov-07
Dream Plan-Enhanced Sum Assured Term 25 2,000,000.00 315 21-Nov-07
Coverage Type Face Amount Premium Details Issue Date
Supreme Life-TermDB Opt-ATerm40 Pay40 1,200,000.00 4,999.98 21-Nov-07
I am not sure what to do of these policies as i have already paid high cost of insurance in the earlier years and now the cost of insurance is 570rs and 501rs respectively for these 2 policies.
Should i close these policies and withdraw the amount and go for Term plan?
Thanks,
Amol