I have LIC JEEVAN ANAND POLICY and as of now I have paid 4 premiums and stopped paying premium from 2015. It is of sum assure of 125000*4 rupees. I do not have any debt instrument except this. I do not have any LIC policy also. Can I surrender or continue LIC’s Jeevan Anand Policy?
Continue this policy if you feel around 5% to 6% is GOOD return for long-term investment. Otherwise, you have to surrender it immediately and buy pure term life insurance.
Sir , Thanks for the response ,
i do not have any investment options to save the income tax apart from one ELSS , that too i invested lumsump amount in that in 2015 as one time investment , and do not have any debit instrument apart from EPF , sir can you please suggest on is it required to invest the amount in tax saving scheme to save income tax if it is nice idea to invest on which i need to invest , which will give good returns better than the above LIC , sir which Pure term life insurance is good for me , sir i am 30 yrs age person .