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What Investment mistakes you made that you want others to avoid?
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<blockquote data-quote="raksrules" data-source="post: 2258612" data-attributes="member: 14003"><p>I need some help here. My dad invested in one LIC policy in 2002 or something and although policy paying period is over, the policy matures in 2027 which is when I will get money back.</p><p></p><p>Now apart from above, my dad started another LIC policy for which I pay Rs. 24K per year (since 2011) but worst part is, policy paying term ends in 2046 !!!!!</p><p>I have till now paid 2.42L in this. I want to know if I surrendered now, how much I will get back if any as there are some things like surrender value and special surrender value and such and I don't know how to easily calculate. Any website where I put policy name, when started, how much paid and time duration etc and it tells me surrender value or so?</p></blockquote><p></p>
[QUOTE="raksrules, post: 2258612, member: 14003"] I need some help here. My dad invested in one LIC policy in 2002 or something and although policy paying period is over, the policy matures in 2027 which is when I will get money back. Now apart from above, my dad started another LIC policy for which I pay Rs. 24K per year (since 2011) but worst part is, policy paying term ends in 2046 !!!!! I have till now paid 2.42L in this. I want to know if I surrendered now, how much I will get back if any as there are some things like surrender value and special surrender value and such and I don't know how to easily calculate. Any website where I put policy name, when started, how much paid and time duration etc and it tells me surrender value or so? [/QUOTE]
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What Investment mistakes you made that you want others to avoid?
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