Should I surrender my 4 LIC policies with pending premiums

[samkapoor77]

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?

[Sameer Kapoor]

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.

[Author]

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