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. Ashal Jauhari says:
    September 4, 2013 at 9:29 am

    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

    Reply
  2. NARINDER SHARMA says:
    September 3, 2013 at 8:25 pm

    Surrender charges are NIL

    Reply
  3. Ashal Jauhari says:
    September 3, 2013 at 8:24 am

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

    thanks

    Ashal

    Reply
  4. NARINDER SHARMA says:
    September 2, 2013 at 7:45 pm

    Yes Sir

    Reply
  5. Ashal Jauhari says:
    September 2, 2013 at 2:01 pm

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

    Thanks

    Ashal

    Reply
  6. NARINDER SHARMA says:
    September 1, 2013 at 7:45 pm

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

    Reply
  7. Ashal Jauhari says:
    September 1, 2013 at 12:26 pm

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

    thanks

    Ashal

    Reply
  8. NARINDER SHARMA says:
    September 1, 2013 at 10:42 am

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

    Reply
  9. NARINDER SHARMA says:
    September 1, 2013 at 10:37 am

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

    Reply
  10. Ashal Jauhari says:
    September 1, 2013 at 9:50 am

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

    thanks

    Ashal

    Reply

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