I am holding two LIC policies
Premium- 38000(approx)- Per year
Sum assured : 750000
Premium Paying term- 20 years (Started in 2011)
Holding Loan – 97000(paying intrest every six months)
Premium- 27000(approx) – Per year
Sum assured : 500000
Premium Paying term- 15 years (Started in 2016, but maturity is given as 2037 as per portal)
As i am investing more into LIC only, is it good idea to surrender any of these policies and invest into different one or continue till i get the maturity amount. Please suggest.
good question and my answer is to surrender than to continue because it is longterm and with less returns
It is better to surrender (even though you receive less than what you paid, especially in second plan).
Thank you.. Is it suggested to surrender both the policies or only jeevan labh
Can you suggest me few investment options for long term please(10 years). I can invest around 10k per month apart from both the sip’s i have
Absl tax relief fund’96 – 1500
Mirae asset emerging blue chip fund – 2000
It is hard to guide with mere few lines of your sharing.
What other details are required from my side