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? asked in Business & FinanceInsurance · 10 years ago

LIC jeevan saral policy !!?

can i talke this policy for 10 years in the begging and than keep continue for more year if i want ... what will be the effect on the maturity amount...

???

what is more advisable ?

2 Answers

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  • Abhay Gadiyar
    Lv 4
    10 years ago

    Insurance is a contract. Not possible to renew after maturity date.

    Jeevan Saral allows partial/complete surrender without penalty anytime after 10 years. Go for maximum term of upto 35 years and then opt for withdrawl when there is need.

  • ranjankar
    Lv 7
    10 years ago

    Insurance is an EXPENSE , not an avenue for INVESTMENT.

    Ideally , should go for a PURE TERM PLAN like ANMOL JEEVAN.

    For INVESTMENT , there are better avenues.

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