POSTED BY September 10, 2012 10:23 am ONE COMMENT
ONDear 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.
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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