What should with my LIC Jeevan Anand after paying 2 premiums ?

POSTED BY sabbaniramesh ON October 1, 2013 9:42 pm COMMENTS (2)

I have a jeevan ananad lic policy which i bought in 2011. Paid two premiums as of now.As I took the policy from my brother-in-law, he gave me all the first year commission. Yearly premium is 53000. Next premium is due in November 2013. The term is 20 years.

Now what i have to do from the below options.

1. ignore the policy

2. pay the 3rd premium and surrender

3. pay the 3rd premium and convert into paid up 4.

4. pay all premiums

 

Please advice….

2 replies on this article “What should with my LIC Jeevan Anand after paying 2 premiums ?”

  1. sabbaniramesh says:

    Thanks Ashalanshu

  2. ashalanshu says:

    Dear Sabbani, as you get the 1st year prem. kick back from your BIL, you are at minimum loss as of now. if you opt to pay one more prem. you ‘ll only increase your loss. My choice ‘ll be point 1.

    thanks

    Ashal

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