Need A Financial Product Forums Insurance Where I should invest surrender value of Jeevan Mitra Policy

This topic contains 1 reply, has 2 voices, and was last updated by  Harinder Singh 3 years, 3 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #48120

    I have taken LIC’s Jeevan Mitra (Triple Cover Endowment Plan) in year 2000 for sum assured of Rs. 6 lakhs. I am paying an annual premium of Rs. 23,320. Premium paying term for this policy is 30 years. Early this year, I have purchased a term insurance plan from Religare for Rs. 50 lakhs. Is it recommendable to surrender this policy and where I should invest the money?


    You have taken a good decision by opting for term plan. Surrender Jeevan Mitra policy. Though the surrender value will not be huge but you invest it in PPF, FD or MF.

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.