Sir,
Congratulation for third year's birthday of this important platform.
Sir, my father purchased a policy in my name in 2008 ( that time my age was 18 years) under tata aia ( mahalife gold). According to the policy premium paying term is 15 years , premium amount is rs.30000, sa value rs.330000, from 6th years they were proving non assured bonus (this year we received 3.2% on sa) and it will continue up to 10th year and after 10th years they will provide additional 5% assured on the sa up to my life ( with in 100 years).
So sir ,what should I do right now ? Please give your valuable opinion.
3 Answers
Hi,
TATA AIA Mahalife gold is an Whole-life plan.
Do you have any family member who is financially dependent on you?
You may consider to make this plan a PAID-UP one, considering the fact that still 6 more premium payments are remaining.
Kindly read :
https://www.relakhs.com/how-to-get-rid-off-bad-life-insurance/
SIR, NO ONE FINANCIALLY DEPENDENT ON ME. SIR, MY FATHER HAS ALREADY PAID 9 PREMIUMS AND NOW IF I PAID UP THIS POLICY HOW MUCH AMOUNT I WILL GET AND WHEN I WILL GET THE AMOUNT?
Hi,
You will get the reduced paid up amount on maturity date.
Considering your profile, you may discontinue it and divert the remaining premium amounts to other better investment avenues.
You may contact your insurer to know about the exact Paid-up value and accumulated bonuses value (if any).
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