I have taken Jeevan Anand LIC policy on April 2004. I pay premium of Rs.20328 per year. I am paying my premium for the past 5 years.So far I have paid a total of Rs.101640. Now I would like to surrender this policy. Could you please tell me as how much money I would get when I surrender this policy ? Thanks – Ramani Manohar
I am talking about the 1 lac limit which we can invest freely and get exemptions. since i am a novice i am not able to frame my question well, yet of there is any expert around please help me witht he same.
suggest me for best policy.thanks
(Insurance for whole life) which is a better option and why?
I have just started LIC Jeevan Mitra Tripal cover Plan for 7 laces sum assured for 30 years and have paid 28501 in April 2011.
This is yearly premium for 30 years.
Now I am confused that
should I discontinue or surrender this policy and go for term plan as I can get 30 laces cover within 9500
and rest of money 19000 I can invest in PPF to get good retune after 30 year ???.
Am I correct in my thoughts and should do as mentioned above ????.
If I continue this policy, will I get somewhat equal return of what if I invest 19000 in PPF after 30 years???.
Please help me to get relevant answers.