Results 1 to 4 of 4

Thread: Replace Old LIC policies with ULIPs?

  1. #1
    PolicyWala NewBie
    Join Date
    May 2009
    Location
    Navi Mumbai
    Posts
    3

    Question Replace Old LIC policies with ULIPs?

    I am 30 years old and working with Pvt. Organisation for 10 years now. During initial years of my career I have bought 10 different LIC policies that I now want to replace. Is it possible to do that? Is it a good move?




  2. #2
    Moderator Expert's Avatar
    Join Date
    Feb 2009
    Location
    New Delhi
    Posts
    448

    Default

    It is very daring decision. Please discuss with insurance advisor with all your policy details. But cancel your policy, only when you have the new policy issued.
    * SAFE
    Self Appointed Financial Expert

  3. #3
    PolicyWala Newbie
    Join Date
    Aug 2009
    Location
    India
    Posts
    11

    Default

    Quote Originally Posted by Federer View Post
    I am 30 years old and working with Pvt. Organisation for 10 years now. During initial years of my career I have bought 10 different LIC policies that I now want to replace. Is it possible to do that? Is it a good move?
    It is not a good move. If you buy any policy the premium charged would be high. If you are facing any problem in premium payment and managing it. Do it online. I would suggest you keep all the policies and buy more if you think cover is less..

  4. #4
    PW Stalwart v.r.s.nathan's Avatar
    Join Date
    Apr 2009
    Location
    Nagpur
    Posts
    250

    Default

    I am agree with Most. Please buy more policies and keep the old policies as it is.


Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •