What to do with my LIC policy

POSTED BY sandip wakchaure ON August 30, 2013 10:52 am ONE COMMENT

Hi all,

 

I have following 2 LIC policies. I am really not sure if shall i continue with them or not. As of now, i have stopped premium payment.

Name Sum Assured Policy Start Date Last premium paid on Policy Term Premium
Jeevan Anand  5lac 28/10/11 2/4/2013 21yrs 2233(monthly)
Jeevan Ankur 5Lac 20/3/12 15/1/13 25yrs 3937(Quarterly)

If they are not worth enough, can i get my paid premium back. If yes, how?

I am thinking to stop these policy and invest the premium amout in other investment. Please suggest.

Thanks,

Sandip

One reply on this article “What to do with my LIC policy”

  1. Dear Sandip, you ‘ll not get any prem. back It’s better to book losses & moved on. Please purchase adequate term cover for yourself & invest your money into pure investment products.

    Thanks

    Ashal

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