Replace Old LIC policies with ULIPs?

[Federer]

I am 30 years old and working with Pvt. Organisation for 10 years now. During initial years of my career I have bought 10 different LIC policies that I now want to replace. Is it possible to do that? Is it a good move?

[Expert]

It is very daring decision. Please discuss with insurance advisor with all your policy details. But cancel your policy, only when you have the new policy issued.

[most]

I am 30 years old and working with Pvt. Organisation for 10 years now. During initial years of my career I have bought 10 different LIC policies that I now want to replace. Is it possible to do that? Is it a good move?
It is not a good move. If you buy any policy the premium charged would be high. If you are facing any problem in premium payment and managing it. Do it online. I would suggest you keep all the policies and buy more if you think cover is less..

[v.r.s.nathan]

I am agree with Most. Please buy more policies and keep the old policies as it is.