Hello All,
I’ve 3 LIC policies & would like your opinion on how to proceed further? There are no pending premiums for these policies.
1> Jeevan Anand
Commencement Date: 27/08/2008
Sum Assured: 2,00,000
Vested Bonus: 38,400
Premium: 7,772 payable half yearly
2> Jeevan Anand
Commencement Date: 28/10/2010
Sum Assured: 6,25,000
Vested Bonus: 81,250
Premium: 3,958 payable monthly
3> New Money Back Policy
Commencement Date: 10/04/2011
Sum Assured: 6,05,000
Vested Bonus: 53,240
Premium: 31,525 payable yearly
I’ve realized the returns these policies offer is pretty dismal. I’d like to know what would be the best option for me right now. Should I make these policies as ‘paid-up’ or should I surrender these policies?
Appreciate your feedback!