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