Continue with ULIP or surrender it and go for FD with the withdraw amount ?

POSTED BY NARINDER SHARMA ON August 31, 2013 7:39 pm COMMENTS (10)

Hi ,

I have invested in ULIP in 2009 of Rs50,000 p.a.  (was trapped by agent.!!)

I have a home loan remaining of 5 lakhs , so should I surrender ULIP (only when sensex is around 20k) as it is giving terrible returns and put that money in FD , or repay my loan in 1 go ?

or is it good to continue with ?

Any good plans or investment area where I can invest by surrendering it ?

10 replies on this article “Continue with ULIP or surrender it and go for FD with the withdraw amount ?”

  1. Dear Narinder, can you wait for at least 1Y for a recovery in market, so that your fund value improves? if you can not wait, surrender. Post surrender, you can deposit the SV amount into your home loan to bring it down.

    Thanks

    Ashal

  2. NARINDER SHARMA says:

    Surrender charges are NIL

  3. Dear Narinder, what about surender charges? “ll you get full fund value i.e. 2.12L or some decreased value?

    thanks

    Ashal

  4. NARINDER SHARMA says:

    Yes Sir

  5. Dear Narinder, you mean to say that total prem. paid by you till date is 2.35L Rs. only (on mly basis)?

    Thanks

    Ashal

  6. NARINDER SHARMA says:

    Sir it is 4200 p.m , exact is 50400 🙂

  7. Dear Narinder, 50K yly prem. how it changed to 235200 Rs. in these 4-5 years?

    thanks

    Ashal

  8. NARINDER SHARMA says:

    fund value is 2,12,000 whereas premium paid is 2,35,200

  9. NARINDER SHARMA says:

    Max Life – “Life Invest Unit Linked Investment 10 Pay Plan”

  10. Dear Narinder, which ULIP you are talking here? With out knowing exact details, answering blindly ‘ll not be good for you.

    thanks

    Ashal

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