SHOULD I CONTINUE LIC JEEVAN TARANG POLICY??

POSTED BY Archana Parameswaran ON December 21, 2012 1:53 pm COMMENTS (3)

 i HAVE PURCHASED JEEVAN TARANG LIC POLICY FOR RS. TWO LAKHS ON 2ND JULY 2010. PREMIUM PAYABLE RS.4973.00 HALF YRLY. THE POLICY TERM IS 20 YEARS. IHAVE PAID FIVE INSTALMENT AMOUNTING TO RS.24865.00. 
1.WHAT WILL BE THE SURRENDER VALUE IF I DICONTINUE THE POLICY PREMIUM
2.WHAT WILL BE THE ALTERNATIVE FOR MINIMUM LOSS
3.ANY ALTERNATE OPTION FOR CONTINUE OR DISCONTINUE????

3 replies on this article “SHOULD I CONTINUE LIC JEEVAN TARANG POLICY??”

  1. Stop paying premiums and make the policy paid up. After 5 years as Manish says your will get 30-40% of total premium excl 1st year. This way you get something and stop investing in this. Stopping the investment and using the money to invest elsewhere is your real gain.

  2. Archana Parameswaran says:

    I have already read that article and that is the reason why i wanted to discontinue the policy.I can surrender the policy only after paying 5 years installments and not now. Therefore i want to know whether to discontinue it or any other alternate option……..

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