I had lic for 10 lacs for which i pay 52000 premium p.a, i had term insurance for 5lacs for which i pay1220 p.a, ihad lic pension plan for which i pay 1lacs anuuly. now im confused which one to continue, m facing at the moment little financial crunch, i want adwise whether i should stp lic of 10 lacs and increaseterm insurance.
RE:which one to continue
by rajiv menon on Dec 09, 2007 11:08 PM Permalink
hi Prabhat,First of all its not easy to say the things as per the information given.There r certain other parameters to be considered like your financial goals,dependants in the family, your age etc.If you r interested in financial planning please let me know the time and date so that we can meet and discuss .My mail id is rajivmenon_8@rediffmail.com My mobile no is 098190 74829 mobile no
RE:RE:which one to continue
by Malcolm Wood on Dec 07, 2007 03:05 PM Permalink
Dude first of all u need to see which plan u have subscribed to I dont thinku would be paying Rs.52k for a Rs. 1 lacs cover...i think this would be a ULIP with a minimum number of premium paying term say 3,5 years...u can keep the Term plan since it's very cheap and get rid of the ULIP for which u are payin Rs. 52k and getting a cover of Rs. 1 lacs only... please check whther u can surrender the policy... and do so if u can...
RE:RE:RE:RE:which one to continue
by zubair baghazal on Dec 07, 2007 10:18 PM Permalink
financial planning and need analysis is must to arrive at your insurability interests and also your liabilities and future commitments and also your paying capacity on a consistent basis all this is possible if you have a commited financial planner enquire his profile and also his background and also his commitment in the job he is undertaking life insurance is not a hobby its a long term relationship not a makeshift means to a Agents end so the moral of the story is apart from the products check the main product i.e.your Agent
RE:RE:RE:which one to continue
by zubair baghazal on Dec 07, 2007 10:12 PM Permalink
mail in your details for a better understanding of your financial plan done already
RE:RE:RE:which one to continue
by zubair baghazal on Dec 07, 2007 10:10 PM Permalink
my dear life insurance is just not brought but it is designed looking into your financial profile as of now, to what is your future requirement this is called your financial backup planning and its done with lot of parameters in perspective it a matter of your life and that of your dear ones so get your planning done from some who is equally commited and thoughtful of these finer elements sensitivity to the customers need is the name of this game and nothing less help your self to shape your understanding of your advisor ask lot of questions about his seriousness in the profession he or she is in this become the basis of the best possible solution to your financial planning ZUBAIR WEALTH MANAGER L I C Of INDIA
