I invested an amount of Rs. 25000 in lic endowment plus policy in 2012, the value of which is 41600 few days ago. The policy is supposed to mature in 2022. People from lic has advised me to surrender that policy as there's little chance of increase in value of the policy in next five years. What is the best option?
1 Answers
Hi,
By any chance did they also suggest you to buy any new policy/plan?
Traditional plans like these at best can give your returns of around 4 to 6%.
If you do not have adequate life cover, you can buy a term insurance plan and then surrender this plan.
Kindly read :
https://www.relakhs.com/traditional-life-insurance-plan/
https://www.relakhs.com/insurance-importance-life-health-accident-covers/
https://www.relakhs.com/how-to-get-rid-off-bad-life-insurance/
https://www.relakhs.com/best-online-term-insurance-plans-india/
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