Need A Financial Product Forums Trading/Investments Should I surrender my 4 LIC policies with pending premiums

This topic contains 1 reply, has 2 voices, and was last updated by  Devang Mehta 3 years, 6 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #46937

    Devang Mehta

    I have 4 LIC policies ? 2 with Jeevan Anand and 2 with New Money Back Policy. There are pending premiums for these policies. Sum assured for these policies are Rs. 2, 00,000, Rs. 4,50,000, Rs. 6, 00,000 and Rs. 2, 25,000 respectively. Policies were purchased during 2007 to 2010. What will you advice me to do ? should I surrender these policies or make them paid-up?


    Anil Anand

    In my opinion, surrendering will be the better option. You can even think of surrendering two or three of your policies. You can invest the amount in term plan, equities, mutual funds, PPF, etc.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.