Dear Sreekanth,
I had two Jeevan Anand policies as per details given below:-
- Sum assured 10 Lacs, start year 2006, Last premium to be paid in year -2034. (paid premium yrs - 11 yrs, to be paid yr -18 yrs), premium amount Rs 34367/- annually.
- Sum assured 10 Lacs, start year 2005, Last premium to be paid in year -2029. (paid premium yrs - 12 yrs, to be paid yr -13 yrs),premium amount Rs 41206/- annually.Pl advice , should I surrender the both policies or make them paid up or continue. Regards.
1 Answers
Dear Pranav,
Kindly note that Jeevan Anand is not a Money-back plan, it is an Endowment cum Whole-life plan.
Do you have a Term plan with adequate Life cover?
If not, You may buy a term plan with basic cover and then can make these two policies PAID-UP ones.
Kindly go through below articles;
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