I am stuck in an endowment scheme called Reliance Nishchit Samridhi Yojna (now overtaken by IndusInd). An agent sold it to me in 2021 when I didn't know much about finance and he convinced my dad about the benefits. I've been paying 1.5L annually since 5 years and 2 more years to go, post that I will start receiving 75K a year for 20 years then a maturity amount ~15L. I know its stupid of me to keep paying the premium all these years, should have pulled out long ago. Whats the best way forward now? Pull out and invest in market now? Or Keep paying premium for 2 more years and just reinvest that 75K annual in MFs.
u/AccidentHour1068 — 11 days ago