should i continue policy number 884365028 taken in 2012 running up to 2037
Ans: To answer whether you should continue Policy No. 884365028 up to 2037, I need a few more details because the recommendation depends on the type of policy, benefits, and your current financial situation.
» Please Share These Details
Name of the insurance company.
Type of policy:
Traditional Endowment
Money Back
Whole Life
ULIP
Pension Plan
Term Insurance
Other
Annual premium amount.
Sum assured.
Maturity benefit projected by the insurer.
Current surrender value (if available).
Current paid-up value (if available).
Whether any riders are attached.
Your current age.
Purpose for which the policy was originally purchased.
Do you already have adequate term insurance and health insurance?
» Why These Details Matter
Some older policies provide very low long-term returns.
Some policies may be worth making paid-up instead of continuing.
Some policies may be better surrendered and the proceeds redirected to mutual funds.
In certain cases, continuing the policy may still make sense, especially if it is close to maturity or has valuable guarantees.
» Also Share
Total premiums paid till date.
Next premium due date.
Latest policy statement or benefit illustration details.
Once you provide these details, I can give a clear continue vs paid-up vs surrender recommendation with a complete 360-degree review.
Best Regards,
K. Ramalingam, MBA, CFP,
AMFI-Registered MFD – ARN 4188
www.holisticinvestment.in
https://www.linkedin.com/in/ramalingamcfp/