Dear Manish,
I have starting reading your articles and find these are very informative.
I’m 36 years of age, married and bought the below 3 policies from LIC for which I\’m paying the premium around 59000 per annum:
1. Jeevan Anand – 149
SA – 200000
Commencement date – 18/10/2007
Policy Term – 72
Premium term – 22
Premium 9981 pa
Vested bonus – 45800
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2. Jeevan Anand- 149
Commencement data – 16/1/2012
Enrollment date – 18/2/2012
SA- 450000
Policy term – 65 yrs , premium term – 21
Premium – 12463 half yearly
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3. Jeevan Saral – 165
Commencement date – 16/1/2012
Enrollment date – 18/2/2012
Policy Term – 20
SA – 500000
Premium- 12130 half yearly
After going through your articles; I assumed that I have made mistake in buying the above mentioned policies fro LIC.
Now I have Term Policy from Aegon Religare now. but the above policies from LIC eating a lot of the savings and the profit is not adequate.
I would like to stop all the 3 policies and want to invest the amount somewhere else to get more profits. Could you please suggest/guide me about the same!
1. If I surrender or make the paid up for the 1st policy, please let me know what will be more beneficial from the two!
2. I guess I cannot surrender or make paid up both the 2nd and 3rd policies as both were started in Jan 2012. Please suggest what can I do in this case!
Please let me know if you need more information.
Regards,