Insurance of Mother
SA – 1,500,000 / GSB – 2,079,000 / GSB Term – 21 yrs
Policy Term – 46 years / DCO – Sep 2012
Yrly Premium = 1,00,000 / Total Paid till Jun-16 = 4,70,000
Did this Insurance for mother. My mother is not an earning member so premium outgo is from a joint account held by my mother and me (indirrectly I pay the premium). Should I stop this policy or continue?. If I stop this what are pros & cons? When, How and What would be my recovery? My interets is to get high cover medical policy for my mother citing to high medical cost these days. She is 58.