POSTED BY September 18, 2011 12:39 pm COMMENTS (7)ON
I was one of those idiots, who bough ULIP ( ICICI Pru life stage RP) without understanding anything.
I had bought it in August 2007 & paying premium monthly as INR 2000. Although I am in loss today as I had to bear heavy allocation charges -25% in first yr,12.3% in second & third year & now 2% from 4th yr onwards, I was told by customer care of ICICI that if you continue it for at least 5 yrs you will get bonus of 12.5%.
I am hoping that at least I should get whataver I have invested till now, but still conussed.
What would you advise as to whether I should continue until 5 yrs or switch this policy to some other policy or completely terminate or something else?
Suggestions would be greatly appreciated.
Thanks again in advance.