POSTED BY June 4, 2014 10:08 am COMMENTS (4)ON
I have ULIPs worth 10 lac which cost me a yearly premium of up to 55k.
Now, I have read lot of articles on this and realized this is not worth it. Plus, your article on LIC Direct online term plan was really good. I am thinking of going for it. It has only been 2 years that I have paid the premiums so I am thinking what would be the best option.
1) To stop paying further premiums.
2) To reduce the paying term from 25 yrs to 10 yrs. Is this allowed?