which of the policies shall i continue from LIC ? hussain, 27 Sep 2013

Hi, i have 2 wealth plus policies fully paid,2 profit plus fully paid, LIC jeevan tarang ,money back policy T No 75, new bima gold T No 179 among these which shall i continue and surrender,plz give your advice. i want to start SIP also ,my goal is 1cr in 15 yrs were to invest and how much?

Fintotal Answer

Hi Hussain. The policies you have mentioned are ULIP and traditional policies. But unfortunately they are harmful for your financial life. So exiting them is the best option. I will suggest you to read through our article named 'Surrendering an LIC Policy Before Maturity' and other related articles. In case you need further assistance, write to us at assistance.fintotal.com. For long term goals, invest in equity diversified mutual fund through SIP. Check recommended funds under Mutual Fund page. 

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