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Hi, I have had very bad experieces with LIC, when my agent told me that i can stop paying premiums after 3 years, i did, but when i went to have a withdrawal, i lost what i hd paid also, i sincerly dont like their hidden costing, and misleading the customers, we all in our locality have given up on LIC, and looking forward for other insurance companies. I am in love with MAX NEW YORK LIFE products, what we pay we get 150% extra onto all products, check out MAX NEW YORK LIFE. need assistance mail me, i will give u details. efforts16@yahoo.co.in

by efforts16

2 months ago

Asker's Rating: 

Never ever discontinue any LIC Policy as you lose your benefits. So whatever gains you are likely to get from mutual funds are automatically negated. Pay all the installments of your policy and then if you have any money left invest it in mutual funds.

by Abhijit- 2 months ago

Better continue with this. There cannt be any big diff in mutual funds investment. mutual funds are subject to market condition. dont take into accout the very bright prospects indicated by agents.

by frndly12- 2 months ago

Never compare apples with potatoes. LIC is for risk cover and Mutual Fund is for growing your money. The first is a savings products while another is investment product. Jeevan Anand in particular is an excellent product. Even after maturity and without paying further premium, you are insured for equal amount.

by Shreeniwas Gadiyar- 2 months ago

So above all are right , you must continue them , and if you have more money go with sbilife unit plus -II for new investment . or any other M.F`s as you wish . do noyt neglect the lic policices change the mode of payment to yearly positively so that you will get 3% discount on your premium every year .

by aarudra- 2 months ago

Dear manoj, First of all LIC policies are not a investment it is a protection.More over you are earning more than 6% per year.Its ok ,your hard earned money in a safe hand plus profit. BUT mutual fund equity funds are risky if you can digest the market fluctuations then mutual funds are the best investment. Don't go to the mutual fund you can invest in LIC bhima plus,market plus,profit plus its some what mutual fund style . GOOD LUCK

by KPKHASSAN- 2 months ago

better to continue this.

by Blitz Maestero- 2 months ago

Manoj - You should definately not discontinue your insurance polices - Insurance and Mutual funds are 2 different aspect of Investments **In case you are unable to continue due to funds problem I would advice you to try Term Insurance and then discontinue ( I advice this only you if you are facing financial problems) Term Isurance is where you can purchase HIGH life cover at very low premium We strongly advice stay invested in insurance its for your family incase you meet with an unfortunate/untimely death Happy Insurance Manoj www.insurancetalk.in

by www.insurancetalk.in- 1 month ago