Hi Srikanth,
Hope you are doing well!
I Have 2 LIC polices one is Jeevan Anand(with profits and accidental benefit)- sum assured 500000 and premium 2177 monthly started on 27/05/2013 and second one is money back policy (20 years) sum assured 500000 and premium 2702 monthly started on 27/05/2013.
Now my question is should i surrender or paid up policy?My second question here is if i surrender how much amount will i get and is it a good idea to invest that amount in SIP or paidup is the best option?.
Currently i have insured through ICICI prudential ismart policy for 1CR fo a period of 30 yrs (term policy).
Thanks in advance
1 Answers
Hi,
Suggest you to surrender both your policies as you have a term insurance policy. Yes, you can divert these premiums to other better investment alternatives for your long-term goals.
It is better to correct the mistake than to compound it.
Kindly contact your Insurer to know about surrender value.
Related articles :
https://www.relakhs.com/how-to-get-rid-off-bad-life-insurance/
https://www.relakhs.com/traditional-life-insurance-plan/
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