Is it advisable to purchase Jeevan Saral policy

[samkapoor77]

My insurance agent is trying to convince me to take Jeevan Saral policy for 25 years. As per the plan, I need to pay Rs. 12,000 p.a. as premium and on maturity I will get Rs. 13, 65,101 along with a life insurance cover of Rs. 25 lakhs. Should I take this policy? I am 29 years old.

[samkapoor77]

Insurance cover for Rs. 25 lakhs can be taken for less premium than this. The maturity value of the policy depends on bonus declared by LIC. So, there is no guarantee of return. Your agent is luring you, don’t fall for it.

[Author]

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