I have Hdfc Endowment Supreme Suvidha ULIP plan with me. The yearly premium is Rs 50,000 and I purchased this policy in 2010, due to financial issue, I cud not pay the 2nd year premium but now I have sufficient fund to pay the premium and revive the policy. The policy term is 12yr and Sum assured is Rs. 250000.
I want to know if it is the good policy to hold as I had to buy the policy as a condition for opening a locker at HDFC bank. If no, the please suggest the alternative for me.
Please help me in my decision.