I have two LIC Policies with following details.
Policy One:
- Policy Name: New Bima Gold
- Start Date: 28/9/2007
- Policy Term: 20 Years
- Premium: Rs. 8,844
- Frequency: Half Yearly
- Sum Assured: Rs. 5,00,000
Policy Two:
- Policy Name: Jeevan Saral
- Start Date: 16/11/2011
- Policy Term: 21 Years
- Premium: Rs. 6,125
- Frequency: Quaterly
- Sum Assured: Rs. 5,00,000
I am Planning to take a term plan, So, Should I continue the LIC policy or surrender. Please suggest…