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