POSTED BY August 30, 2013 10:52 am ONE COMMENT
ONHi 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
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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