Pranshu.sh
KF Rookie
Hello Everyone,
This is my first post. So, pls hear me out here.
I took a jeevan labh Lic policy for 25 lacs sum assured. and the total amount will be around 65 lacs including the bonus. I am paying 29k per quatre since 2023.
my brother recently took the same policy but his payment is 15k per quatre and the total amount will be around 35 something.
recently i was watching some videos and also did some calculations and came to a conclusion that it is just money going down the drain.
i have paid around 1.2 lacs and my brother has just paid his first installment.
my mother is the lic agent and these policies were done so to start her agent journey and the lic guy from company said these are the best policies.
I am damn sure after calculations that the croupous after 25 years will be 1.8 cr nearly 3X if the sip is 10k and 12% gain every year basically an index fund.
i don't really understand how to cancel it as the person from lic is not responding properly no response at all.
All the time he used to budge us for policy creation and everything and when i said i want to cancel it he's not helping.
i am at a loss of 1.2 lacs because read somewhere i will not get the money back and my brother also has his first installment done it's been more than a month. Both policy were done offline.
Can you guys pls help me here.
This is my first post. So, pls hear me out here.
I took a jeevan labh Lic policy for 25 lacs sum assured. and the total amount will be around 65 lacs including the bonus. I am paying 29k per quatre since 2023.
my brother recently took the same policy but his payment is 15k per quatre and the total amount will be around 35 something.
recently i was watching some videos and also did some calculations and came to a conclusion that it is just money going down the drain.
i have paid around 1.2 lacs and my brother has just paid his first installment.
my mother is the lic agent and these policies were done so to start her agent journey and the lic guy from company said these are the best policies.
I am damn sure after calculations that the croupous after 25 years will be 1.8 cr nearly 3X if the sip is 10k and 12% gain every year basically an index fund.
i don't really understand how to cancel it as the person from lic is not responding properly no response at all.
All the time he used to budge us for policy creation and everything and when i said i want to cancel it he's not helping.
i am at a loss of 1.2 lacs because read somewhere i will not get the money back and my brother also has his first installment done it's been more than a month. Both policy were done offline.
Can you guys pls help me here.