Dear Sreekanth Sir,
I am 32 years old, have the following LIC Jeevan Anand Policy
Started in April 2015
Yearly Premium : 29,280/-
Sum Insured : 500000/-
Is it better to surrender this and take term insurance plan , I have paid premium for 2 years.
I have depend 4 members. Which term insurance policy is best sir. I will take term insurance policy depend upon your answer.
Among LIC, ICICI, HDFC, Max Life insurance which one is better .
1 Answers
Hi,
May I know the tenure of your Jeevan Anand policy?
You can surrender the policy if you had paid the premium for three years.
Suggest you to buy a Term insurance plan from a company of your choice at the earliest, based on your requirements and affordability! (before discontinuing the existing policy..)
You may get a basic life cover and then also buy a stand-alone Personal Accident cover.
Kindly read :
https://www.relakhs.com/traditional-life-insurance-plan/
https://www.relakhs.com/best-online-term-insurance-plans-india/
https://www.relakhs.com/best-personal-accident-insurance-policies-in-india-details-comparison/
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