POSTED BY March 22, 2012 10:51 am COMMENTS (8)ON
Going through your blog, I realised that I am having a very useless policy from Tata-Aig that I took in 2007.
I am paying 6884 per year for next 15 yrs.
If the policy holder survives, then the base premium amount will be returned after 20 years (that is in 2027).
If something unfortunate happens, then the nominee would be getting 4 Lakhs(and 8 Lakhs in case of accidental death).
My queries are:
– Should I discontinue this and invest the same amount in a good term plan?
-Please suggest me a good term plan.
-Is it better to take 2 term plans one in my name and one in my spouse name?
Thanks Much in Advance!!