Topic: Jeevan Saral & Jeevan Chhaya

i]
Hi All

I am 26 yrs old. I have two LIC policies to my name. They are as follows:

(a) Jeevan Saral - 15 yr term - 24260 premium p.a starting from 2009 December.
(b) Jeevan Chhaya - 18 yr term - 36160 premium p.a starting from 2010 June.

My monthly income is around 40-45 thousand and am employed in a Maharatna. I may probably shift to a commercial bank in a year due to marital reasons. Then my income would get reduced to half for sure. Keeping this in mind, I kind of have an uneasy feeling towards paying 60000 plus every year towards premiums.

I was feeling uneasy as I thought its too early for investing heavily in life insurance as I plan to take a home loan within two years. I probably feel it would have been better to invest in few Mutual funds than in the above LIC policy whose returns are conservative at best.

I was also thinking it would be better if I transfer this policy in the name of my fiance, but that too is not possible. There are lots of questions. I hope any of the forum members is able to guide me as to what can be done on this issue.

Thanks
RV[/i][i]

Fields marked * are mandatory
Got a question?
Just fill in the following:
Name*		E-Mail*
Phone No.*		City
Message (up to 1000 characters)