Birla Sunlife ULIP

POSTED BY rk_vinoth ON June 6, 2012 10:03 am COMMENTS (3)

Hi,

On monthly basis I am paying for Birla Sunlife Insurance, i have been paying it for last 4 years. I have almost paid 90K and the fund value now is 68K. Need your advice if its OK to continuing the policy or stop paying and take money once the market recovers. Also, let me know if there will be any charges if i stop paying and will i get back atleast what i invest ?

Need your valuable inputs to take a decision. Looking into review, people say this ULIP is very bad!..

Regards,
Vinoth

3 replies on this article “Birla Sunlife ULIP”

  1. rk_vinoth@yahoo.co.in says:
    June 7, 2012 at 4:09 pm

    Dear Ashal,

    Its not a pension ULIP, just a normal ULIP but has some accident cover. I pay 2K monthly. I have 2 LIC policy for long term.

    The value is very less now, i have to take call if i have to continue paying. I heard the surcharges are more on each month I pay. If i stop paying, will i get back the money or it will detoriate month on moth ?

    Regards,
    Vinoth

    Reply
    1. Ashal Jauhari says:
      June 8, 2012 at 12:56 am

      Dear Vinoth, in all this discussion the name of the ULIP is not there & the info regarding how much insurance is there for you?

      As you do not have any term cover as on date, my take ‘ll be to first purchase an adequate term cover for you & then only think to surrender one or all these policies.

      Thanks

      Ashal

      Reply
  2. Ashal Jauhari says:
    June 7, 2012 at 12:19 am

    Dear Vinoth, is it a normal ULIP of pension ULIP, what;s the sum assured in this policy? What’s your mly prem? Do you have other insurance from Term cover or not?

    To get the info on surrender value & surrender charges, please read your policy documents or contact Birla customer care.

    Thanks

    Ashal

    Reply

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