Should I surrender my old money back policy from LIC

[samkapoor77]

I have 5 years old money back policy from LIC with annual premium of Rs. 48,241. Premium tenure is 12 years and the policy tenure is 15 years. I am thinking of surrendering the policy and invest the same in PPF account that later I can use for my children’s education. What will you suggest?

[samkapoor77]

Surrendering is a better option as compared to paid up. You can invest this amount in FDs, MFs, etc. In case you can wait, then you can invest your money in PPF account as investing in it will block your money for next 10 years.

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