Regarding 16 LIC Jeevan Anand Policy which will mature one by one ?

POSTED BY vaibhave ON September 2, 2014 9:19 am NO COMMENTS

Dear,

Thanks for this wonderful platform to share our thoughts.

I have 16 LIC Jeevan Anand Policies (1 – 1.8 lacs, total sum insured 25 lacs) from last 4 years.  Premium is 65 thousand per annum. Agent suggested me that it is like insurance + pension plan. Each policy will mature after the age of 60, 61, 62……. upto 75 years, So I will get the insurance benefit and each year a fixed amount for my monthly expenditures.

But Now, when i compared with other investment like PF, FD and buying a term insurance. I feel i should stop these policies.

Can you please suggest me what will be better for me either policy paid up or surrender? Can you please let me know benefit of Policy Paid Up? Whether I am eligible for it now?

Please help me out.

Thanks a lot in advance.

Vaibhave

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