I have a LIC money back policy for Rs.4,00,000 sum assured for which I am paying Rs.8500 quarterly. There is a money back of about Rs.85,000 every five years. I started this in October 2014. I now feel that this was not a very good decision and want to invest this elsewhere. My question:
- Do you think I should withdraw this policy?
- What are my potential losses?
- If yes, where else can I invest this amount?
Very informative blog you are running, thank you so much.
My question is I have purchase Jeevan Anand @ May 2013 approximate 4 year back, halfyearly premium is 1307, however now i feel some better option to invest money, can you advise that is this right time to withdraw the policy and what would be approximate value of returned amount. since the 9th premium is due in May/June and i dont want to go ahead more with this.