Dear Manish,
I want to take your suggestions/ opinion on the below policies of LIC. Want to check whether should i continue or shall i stop these. Since taking into consideration the high premium and less coverage than Pure Term insurance policies. If not to continue these policies, what will be better options available in the market and which policy shall i opt. Also not much info on Term “Vested bonus”. Since these policies had been taken from Agent with out much knowledge about the product.
My current Status:
My current age is 30 years and my wife is 26, i have a baby with 3.5 yrs. My father are still earning and not dependant on me, both my mother and my wife are housewife.
Policies currently with me:
|
Name of the policy
|
Sum Assured
|
Commencement Date
|
Policy Term
|
Premium
|
Policy Term
|
Premium Payment Term
|
Vested Bonus
|
|
Jeevan Anand
|
200000
|
28-12-2007
|
75
|
10369
|
5
|
1
|
45800
|
|
Jeevan Sathi
|
200000
|
28-12-2007
|
25
|
8565
|
75
|
21
|
48000
|
|
Jeevan Saral
|
375000
|
24-12-2009
|
21
|
18015
|
25
|
25
|
0
|
|
SBI – Swadhan
|
50000
|
02-07-2012
|
562
|
Last year, i have opted for E-term policies from Aegon and HDFC with below details.
|
Name of the policy
|
Sum Assured
|
Commencement Date
|
Policy Term
|
Premium
|
|
HDFC LIFE – CLICK 2 PROTECT
|
5500000
|
24-11-2012
|
30
|
7169
|
|
AEGON RELIGARE – ITERM PLAN
|
5300000 (+ 3144000 In case of Accident) = 8444000
|
22-11-2012
|
46
|
7147
|
Please guide me.
Regards,
Sandeep.