Hi, I am 25 years old.
I had purchased a HDFC LIFE Sampoorna Samroodhi Plan in December 2011 with a yearly premium of Rs : 25000 and SA: 135000,for term of seven years.
If the policy will provide me good returns , then I have no problem in paying 25k, but I have seen that 5% is max returns and ,SO should I continue with this policy or , just consider those 25 k as lost.
This policy has 3% assured returns, so in worst case , at end of 7 years, I will not even recovere my paid premiums.
So please suggest ASAP, as payment date is 19 Dec.
Also If I should continue this policy, shall make it to Monthly/Quarterly mode or yearly mode is better?
Please reply.
Thank You.