Term Insurance Plans

Insurance coverage is extremely important to protect from unpredictable events that can dramatically alter life situations. Accidents and illness and other unforeseen events can happen to anyone at anytime. To protect from unfortunate situations and protect loved ones from difficulties insurance coverage plays a very important role. Insurance is highly recommended to people of all ages and there is an insurance coverage to cover most situations or events.

Which is best option for investment for tax saving? I need to invest 10k? How about PPF or TERM INSURANCE?
If Term insurance plan is good option, which need to be opt? Single premium, With return of premium or without return of premium?

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Why do term insurance plans do not find favour with people whereas this is the real insurance to purchase?
It is very surprising to note people's repulsion for term plans in general. Just because you get your money back in other endowment plans or other money back or even unit linked plans, it does not make it the best insurance plan for pure insurance need. I wish I could instill more common sense in people in general.

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Surrender value of the Jeevan Mitra double cover policy after 5 yrs of premium payment?
I have LIC Jeevan mitra double cover policy with Rs. 5611 preminum P.A. I have paid 5 premiums, and sixth one is due in august'07. I wish to surrender this policy and take term insurance plan. How much surrender value i can expect? Will i get the premiums in full or not, and with or without vested bonus? Can anybody please help.

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