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Thread: Review my LIC Plans - LIC Jeevan Tarang, LIC Profit Plus and LIC Jeevan Mitra?

  1. #1
    PW Regular
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    Default Review my LIC Plans - LIC Jeevan Tarang, LIC Profit Plus and LIC Jeevan Mitra?

    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.



  2. #2
    Super Moderator PolicyWala's Avatar
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    Default

    What you want to review here?
    Do you want to surrender above plans and buy new plans?

  3. #3
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    Quote Originally Posted by mohan View Post
    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.
    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.

  4. #4
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    Quote Originally Posted by mohan View Post
    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.
    My Question -
    Why you bought all these plans?
    Now why you want to review?
    You will pick up maximum wrong numbers when on roaming.

  5. #5
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    Quote Originally Posted by PolicyWala View Post
    What you want to review here?
    Do you want to surrender above plans and buy new plans?
    Quote Originally Posted by Madhura View Post
    My Question -
    Why you bought all these plans?
    Now why you want to review?
    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.

  6. #6
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    Quote Originally Posted by mohan View Post
    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.
    Jeevan Tarang - Whole Life Plan
    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.
    You will pick up maximum wrong numbers when on roaming.


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