Dear Basavaraj Tonagatti, I had two Jeevan Anand policies as per details given below:- Sum assured 10 Lacs, start year 2006, Last premium to be paid in year -2034. (paid premium yrs – 11 yrs, to be paid yr -18 yrs), premium amount Rs 34367/- annually. Sum assured 10 Lacs, start year 2005, Last premium to be paid in year -2029. (paid premium yrs – 12 yrs, to be paid yr -13 yrs),premium amount Rs 41206/- annually.Pl advice , should I suurender the both policies or make them paid up or continue. Regards.
If you feel the sum assured Rs.20 lakh is suffice for your family to survive for next 15-20 years in case your sudden demise or if you feel return of 5% to 6% is BEST return, then defenitely continue. But in my view, the policy maturity is long. Hence, instead of paid up, I suggest surrender (even with some loss or less returns).