Need A Financial Product Forums Insurance Sustaining loss in all options of Jeevan Saral Endowment Policy

This topic contains 1 reply, has 2 voices, and was last updated by  Sneha Nayak 2 years, 7 months ago.

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  • #46893

    Sneha Nayak
    Member

    I am paying monthly premium of approximately Rs. 10,000 for LIC’s Jeevan Saral endowment policy. The policy is 3 years old and I have already contributed more than 3.5 lakhs in it. Agent lured me by telling that the policy will give Rs. 25 lakhs cover and Rs. 25 lakhs sum assured based on returns at 10% and 6%. However, now I have calculated the return, it is 3.5% which falls below my expectations. I am confirmed of sustaining losses in all cases. What should I do now?

    #46894

    Vijay Sawant
    Member

    You already know the answer, accept your loss and surrender the policy.

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