Is Jeevan Anand policy of LIC a good policy

[samkapoor77]

I am 30 years old and I have taken LIC’s Jeevan Anand policy. Policy tenure is 21 years and I have to pay premium of Rs. 30,000 on annual basis. Though I should have actually asked this question before taking this policy, but still it is better to be late than never. Is this a good policy?

[samkapoor77]

Thanks for realizing that you are late. If safety of your money is the concern, then it is a superb policy. But if you have invested thinking that the policy will give you 8, 10 or 12% return, then certainly a bad choice.

[Author]

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