I have paid 5 annual premiums of Rs. 78,845 for Jeevan Saral with 30 years maturity. As per LIC, I will get 1 crore on maturity. SA is Rs. 28, 38,680. I guess LA will be less than Rs. 1,000 per 1,000 SA. Should I continue with this policy or surrender it?
Looking at LA and other things, after 30 years, you will get Rs. 65 lakhs not 1 crore. With total investments of Rs. 23, 65,350 and return of Rs. 65 lakhs, CAGR will be less than 6%. FDs and PPF offer more than this. Now you decide yourself.