I am 32 Years. I have following LIC Policies-
LIC : 3860 p.a. with premium term : 25 yrs
LIC Jeevan Tarang : 15066 p.a. with Premium term 20 yrs
LIC Profit Plus : 20000 p.a. with premium term 5 yrs & maturity 20 yrs
LIC Jeevan Mitra : Rs. 14712 with premium term 15 yrs
Please review my LIC Plans.
What you want to review here?
Do you want to surrender above plans and buy new plans?
I would recommend to keep paying premium of above plans and buy new plans only term insurance. LIC's term plans are costly so you can buy online term plans and also disclose all the old life insurance plans in the proposal form.Quote:
Originally Posted by mohan
My Question -Quote:
Originally Posted by mohan
Why you bought all these plans?
Now why you want to review?
Quote:
Originally Posted by PolicyWala
I had bought all the above plans on the advice of one of my relative (who also working as part time LIC agent), so just wanted to check it's good to continue these or surrender and buy new plans.Quote:
Originally Posted by Madhura
Jeevan Tarang - Whole Life PlanQuote:
Originally Posted by mohan
Jeevan Mitra - Endownment Assurance Plan
LIC Profit Plus - Unit Linked Endownment Plan
If you are paying premium for more than 5 years plus, please don't surrender. I would advice you to stop Jeevan Tarang and buy term insurance to take adequate insurance.