LIC is a trusted organization of India, I have taken two LIC policies one is a life time single premium of 50, 000, and one more is yearly premium of 10, 000. and I am able afford 10k per year. My LIC agent told me for the 50000 LIC it is up to the person who can either continue or withdraw.
After completion of minimum 3 years, he will get 10 thousand more as an interest on that 50000 thousand amount. This is very importent for any person who is in a very much need of money, this kind of policies really help. I am planning to take one more LIC for my family health coverage and hospitalization.