Dear Basu Sir,
I have taken LIC Jeevan Anand on 2011 Feb and paying Rs.7013/Quarterly, Sum assured is Rs.5,00,000. term is 20 Years. I have no due till date.
Will it worth keep going or what can i do at this stage. Sometimes I feel premium amount is high as well as not much of benefits for which I am paying. I have asked nearest LIC Offfice for closure. Tey said I have paid Rs.1,68,000 and Rs.1,29,000 can be return if I have surrendered.
Please advise to move forward with good decision.
It is worth to continue if you feel around 5% return is BEST for your investment. It is worth to continue if you feel the life insurance coverage this product provides you will be sufficient for your dependents survival for next 15-20 years if you are NO MORE today itself. Rest you to decide.