I have 2 ULIPs and 1 SIP:
1. HDFC life UL YoungStar Suvidha – Paid 10000 till now [Paying premium of 2000 per month] [24000 per year]
2. SBI Life HORIZON III – 3 premiums of 50000 paid
3. Monthly SIP of 2000 in SBI gold fund and UTI Opportunities fund [1000 each]
HDFC life ulip was bought in 2008
SBI life ULIP was bought in 2010
SIP was started 3-4 month back
More Detail :-
Details mentioned above is my whole saving in a year.
But as we know ULIPS are up to the market status and as i am seeing that i am not getting as much value from HDFC UL YoungStar Suvidha as i paid 10,0000 till date but value is still 91000 which varies on the market status. Can you please suggest should i continue with this or drop this policy.
Second, please suggest how should i invest for my future, as people suggest me that i don’t have term plan, health insurance and saving like PPF/NSC. As all i have invested in Mutual funds and ULIPS only.
Please suggest how should i plan and how much and where should i invest for my future.
Thanks,
Sunny