LIC Jeevan Anand – should i surrender?

POSTED BY Viswa ON October 29, 2012 9:10 am COMMENTS (4)


I have a LIC Jeevan Anand Policy [Table no 149] which i took in July 2005. I am paying a half yearly premium of 12787. It provides a Life cover of 5 Lakhs. and provides a lumpsum amount after 21 Years. and a life cover for lifetime.

Could you pls advise if it is better to continue the policy or surrender the policy and invest the same amount in some other area{mutual funds as i have enough life insurance(term) through aviva)




4 replies on this article “LIC Jeevan Anand – should i surrender?”

  1. Dear Viswa, as you are fairly covered from a term policy, the insurance part of this policy is senseless for you. Regarding the investment part, the returns are very pathetic so surrender now ‘ll be my call for you.



  2. Viswa says:

    Dear Manish,
    Any advise?


  3. Viswa says:

    Hi Manish,

    Any advise.


  4. Roopesh says:

    If the purpose is only for Investment .. then better is to surrender and invest in MF or long term FD etc. In my view, Investment should never be mixed with Insurance. Since you have enough Insurance, as you mentioned.. There is no reason to again invest in funds which has insurance tied up.

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