Kotak Smart Advantage ULIP plan value constant from last 2 yrs !

POSTED BY Gaurav8907 ON January 28, 2014 12:55 pm COMMENTS (3)

I 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.



3 replies on this article “Kotak Smart Advantage ULIP plan value constant from last 2 yrs !”

  1. Gaurav8907 says:

    Thanks Ashalanshu,

    For your advice.It seems the best option to bear the loss now & invest the amount in some right place.

  2. ashalanshu says:

    Dear Gaurav, pay 3%, come out from the policy.



  3. Kotak Support Team says:

    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.

    Kotak Support Team

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