POSTED BY January 28, 2014 12:55 pm COMMENTS (3)
ONI have taken a ULIP policy with Kotak in Nov 2009 & annual premium was 18000/-.Now after paying for more than 4 years when I am in need of money they told me that I have have to pay 3% charges on the fund value which was already lower than the amount which I have invested.It\’s around 56000.To my surprise this fund value is somehow constant from last 2 years.I can only save the 3% charges if I continue the policy for 8 years.
Pleas suggest,Should i surrender it Or continue the same.As now I fear that If I continued it than i might be end up with more losses as time increases.
Regards
Gaurav
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Thanks Ashalanshu,
For your advice.It seems the best option to bear the loss now & invest the amount in some right place.
Dear Gaurav, pay 3%, come out from the policy.
Thanks
Ashal
Dear Sir,
We request you to provide your policy number and write to us at clientservicedesk@kotak.com to be able to assist you at the earliest.
Regards,
Kotak Support Team