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