Hello, I am new to this forum. I am in search of some help to calculate the amount or fund value of HDFC ULIP.
in the year 2008, August a policy was made on my mother\\\’s name with Rs. 1lac per annum premium for up to next 10 years, that could be stopped anyways after 3 years. We have paid up to first 3 years and then stopped paying as the agent told me market is not good, and fund value is going down. He will let us know when it goes up again. Now, we are really in a confusion and want to terminate the policy and only hope at least the principle investment should come back to us, if not any profit, that is Rs. 3lac only.
Now, my question, how to calculate to get an idea how much amount we will be getting if we terminate the policy any time now?
What is the system to calculate them, my agent is an ignorant and can not tell anything.
Please help with step by step details as I am also new to these things.
Regards,
Sourabh.