Suggestion required for lic jeevan saral policy

POSTED BY shashank ON June 16, 2012 10:12 pm COMMENTS (3)

Hi Manish
My father bought me lic jeevan saral policy , following are the details :
1) policy term 21
2) premium paying term 21
3) sum assured : 2,50,000
4) yearly premium : 12,010
I have already paid 3 yearly premium till date , please suggest me whether to go ahead with this policy or surrender it ?

3 replies on this article “Suggestion required for lic jeevan saral policy”

  1. Just stop this policy and make better use of your 12,000 per year ..

  2. shashank says:

    Hi Ashal

    My father is acquainted with LIC agent who has proposed many policies till date.
    Anyway thanks for the advice.

  3. Dear Shashank, a blunt question, what ‘ll your father say to you if you opt to surrender this policy? By the way, the policy was purchased for you by your father or some friend of your father forced him to purchase this policy for you?

    In any case, My take ‘ll be to surrender this policy right now.

    Thanks

    Ashal

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