What is the good plan to invest Surrender value from LIC policy ?

POSTED BY sureshsatya ON April 29, 2014 8:56 am COMMENTS (2)

Hi,

I have the following LIC policy and i took in 2008.

Jeevan Anand – 5 Lakhs ( SA) – Premium – 25028/year and 6 premiums Paid so far.

I have already taken a term insurance and planning to surrender the above policy. I check with LIC and Surrender value is around 96300 rupees.

What is the best place to invest this money ? I may need this money in next 12-14 months to pay the down payment for buying a new house(if i find a good deal) or i am trying to go abroad(in this case i need this money for VISA processing etc. Not yet decided which one to choose for now.

Regards,

Suresh

 

 

 

2 replies on this article “What is the good plan to invest Surrender value from LIC policy ?”

  1. ashalanshu says:
    April 30, 2014 at 1:29 am

    Dear Suresh, what’s your expectation of return in the given time frame for this 96K Rs. amount?

    Thanks

    Ashal

    Reply
  2. Viren Phansalkar says:
    April 29, 2014 at 11:50 am

    For 12-14 months, nothing better than Bank FDs or liquid funds.

    Reply

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