Dec 03, 2015 05:59 PM
33405 Views
Beware from the agents before taking up LIC anand Jeevan Policy-
One of a member in our society is an LIC agent and he came to our house and told us about LIC Jeevan Anand policy. I was somehow convinced with his explanation and without any further detail, I signed on the application form with all my verified documents. As the agent was known to us, I believed in him and thought it to be a good insurance policy.
I even paid Premium, which was as per yearly plan. After 6 months, I got call from the agent and the company to pay premium but I told them that I have yearly premium plan. They showed the application where my plan was ticked to be half yearly and the agent declined to our conversation. As per LIC policy, I cannot discontinue the policy and had to pay premium but upon calculating, I understood that The Jeevan Anand policy is much more like an Expense than an investment so I discontinued it bearing losses. It is better to invest in mutual funds or PPF than to go for LIC Jeevan anand policy.
