RETURN OF INVESTMENT ON POLY. JEEVAN SARAL

POSTED BY KK Sen ON August 29, 2012 2:28 pm ONE COMMENT

Dear Friends,
I have taken Jeevan Saral for 10Yr. term at the age of 53, My premium amount  Yrly @ Rs.30,025/- and I have paid premium for last 3 years.My Policy states the Maturity Value is only Rs.1,62,700/- +LA amount if any . This mean my Investment will be for full 10 years Rs.3,00,250/- where as my maturity return is Rs.1,62,700/- Only + LA (if any,howmuch ??). Under this condition will it be wise to keep the as policy paid-up now. and invest same amout in RD deposit in Bank for better return for my future provision – Kindly advise suitably.
Best Regards –K.K.Sen

One reply on this article “RETURN OF INVESTMENT ON POLY. JEEVAN SARAL”

  1. Dear K K Sen, If I assume there is no need to be insured as of now as your current age is 56 & almost all liabilities are over or near to over, you should think of your retirement. Hence investing this money elsewhere may provide you a better return.

    Please make this policy paid up & open a simple RD in a bank of mly amount of 2500 Rs. which is the break up of your yly prem.

    Thanks

    Ashal

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