Hello friends,
Hope everyone in doing well !!!
Need your advice and suggestion regarding my ULIP policy.
I had taken Reliance Pay five plan in 2012 for an annual premium of Rs 50000/-, I have been paying premium for 3 yrs till now a total of 1,50,000 /- . My current fund value in the ulip is Rs 2,10,000/- . As per the policy we need to pay only 5 premium and policy will mature after 15 yrs. I need you advice whether i have to pay the remaining 2 premium and continue with the ULIP or should i discontinue it and invest in mutual fund ?
I am already investing in MF through SIP and having a term insurance. I am confused as the ULIP returns seems to be good.. Pls advice me what my action should be as my premium paying date for ULIP is nearing..
Thank you
Rajkumar