Guidance for my ICICI Invest shiled cash back policy

POSTED BY pateldilip00 ON June 17, 2014 6:46 pm ONE COMMENT

Dear Sir,

I had taken ULIP Policy of ICICI through indiainfoline on 14/07/2008 after three years I knew that in this policy charges are very high so stopped my premium after paying three consecutive year and I had select cover continue option right now my policy inforce i.e active.

If I surrender this policy lump sum amount will I receive after deduction of high charges.

Also there have no option given to me for switch fund option.

They said me below option

1-Wait for 10 years after 10years no charges will be deducted if you surrender this policy

2-Paid all due premium and surrender after 10years you will give more benefit

3-After six years you can start partial withdraw up to 10 years then surrender after 10 years.

Premium-15000

Sum assured-150000

NAV-20.2273

Unit-2060.43458

Fund value-41667.029 as on 12-06-14

Now I m confuse which option I select so i have maximum benefit and minimum risk.

Waiting for your favorable response.

Thanks in advance.

Thanks and Regards,

Dilip Patel

One reply on this article “Guidance for my ICICI Invest shiled cash back policy”

  1. Hemanth Chandra says:

    For 2nd option, how much you have to pay more and how much you will get

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