Whether i have to continue or not -my ULIPS /LIC policies

POSTED BY Ravi Kumar ON September 10, 2012 10:23 am ONE COMMENT

Dear Team,

 

Kindly advice regarding what to do with my insurance policies. Which were taken by me for Insurance & Saving for future. Shall I continue or Stop. Details are as below. 

 

 

 

Praduct Name

Sum Insured

Premium / Yr

Policy Stat Date

LIC-Jeevan Sathi

400,000.00

14628.00

05-Feb-2009

Bharathi axa-ULIPS-Spot Suraksha

120,000.00

24000.00

05-Feb-2009

   

 I alreay paid 4 years premiums for both policies.

 

Thanks &Regards

Ravi.

 

 

 

One reply on this article “Whether i have to continue or not -my ULIPS /LIC policies”

  1. Dear Ravi, first of all please purchase a high sum assured Term cover for yourself from the insurer of your choice. Then surrender these 2 policy & invest the prem. amount in pure insvestment oriented instruments like PPF, FDs, MFs. You do have tax saving options in all the 3 products.

    Thanks

    Ashal

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