should I make my Jeevan Tarang Policy paid up now ?

POSTED BY puneet.bob ON December 28, 2013 1:13 pm ONE COMMENT

I have a Jeevan tarang policy that i bought in 2008 for with a SA of 630,000, for a 15 year term at the age of 25 years the premium for which came out to be 43926 yearly, till today i have paid 6 premiums, So total premium investment till now is 263556 , also the bonus that has been paid to me for 5 years (6th year bonus will be paid next year) 143640 even if i consider the average bonus to be paid for the 6th year then the total bonus could be somewhere around 170,000.

Now if i compare my total return from Jeevan tarang to the PPF return in 6 years then the clear winner is Jeevan tarang with a big margin however if i go ahead till 10 year premium payment then also the Winner is Jeevan Tarang (presuming same average return i got rather took the lower side) but with a Small margin, Also i’m clear that i will make Jeevan tarang paid up but i was little confused on time, My question i should i make the policy Paidup now or should i continue till 10th premium ? ( In any case i will not continue after 10 years)

One reply on this article “should I make my Jeevan Tarang Policy paid up now ?”

  1. ashalanshu says:

    Dear Puneet, did you get the paid up value quote from LIC? Please arrange it and then only compare with any other investment.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today