Hi,
I am taking both, Jeevan anand and a term policy. My agent is providing a total sum assured of Rs. 15 lac. As per the plan i am supposed to pay a premium of Rs 27000/- per year in which I will be paying Rs. 25000/- under Jeevan Anand and Rs. 2000/- for term insurance.
The agent told me that some medicals reports are required if the sum assured is more than 15 lacs. I felt cheated here. Also, as per the new LIC Term Insurance, for sum assured of Rs 50 lacs the premium is Rs. 9800.
I asked him to put my request on hold as of now. I feel I am investing more and getting nothing as compared to the investment. Please suggest.
Thanks,
Dev