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.
Regards
Gaurav