I am currently paying premiums for LIC. Two policies, quaterly premium. Yearly, around Rs. 80,000.
Its been 4 years now that I am paying the premiums. The policies are of 20 years.
I want to discontinue the LIC now. Could you please let me know how to get my paid premiums back since 20 years are long way and 80k would be difficult to pay in future per annum?
The best option is to surrender (even with some % of loss). You can easily compensate the loss of today by wisely investing in future.
Sir, Could you please suggest me good savings/investment options apart from Investing in market?
I already have PPF account and FD. Any other options for long-term and short-term benefits ?