Should I continue my LIC policy?

I am having 3 policies which were opened 4 years ago of about 7 lacs. I pay around Rs.70000/- pa for them. I have recently learned that it is better to invest in term policy and invest the other money in mutual funds or fixed deposit. Can someone suggest the right solution for me?

3 Replies to “Should I continue my LIC policy?”

  1. What you have learned recently is very correct. Small correction. One does not “open” or “invest in” an insurance policy but rather one “buys” an insurance policy.

    You have paid about Rs 2,80,000/- as premium. Find out the surrender values of these policies.

    Then take a wise decision yourself.


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