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I am paying Rs 3000/monthly for LIC JEEVAN SARAL policy from April 2008. I want to buy term insurance plan for me and my family. Is it advisable to surrender this policy or i have to wait for 5 years so i will get 100% paid amt back.
Also suggest good term insurance plan for my family.
Thanks in advance.
asked in Insurance by

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1 Answer

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HELLO SIR, IT WILL BE BETTER IF YOU WAIT FOR TOTAL POLICY TERM 10 YEAR...
REASON:
IF YOU WITHDRAW WITHOUT COMPLETING 10 YEAR OF TERM SURENDER CHARGE WILL APPLICABLE, BUT AFTER THE THE 10 TH YEAR THERE IS NO SUCH CHARGES IS APPLICABLE.  

NOW IF YOU UNABLE TO PAY THE PREMIUM OF SARAL, YOU CAN DO ONE THING.........JUST STOP PAYING THE PREMIUM. AND TAKE A TERM INSURANCE FOR YOUR ENTIRE FAMILY AS YOU HAVE ASKED.

REGARDS
BRIJ MOHAN JHA
answered by (690 points)
What about insurance paid?

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