POSTED BY December 14, 2011 2:05 pm COMMENTS (4)ON
Hi, I am Phaneendra from Hyderabad. I have bought a ULIP (Product Name: New UNIT GAIN II)from BAJAJ ALLIANZ on 13 apr 2010. I am making payments quarterly(12500 each quarter). So, in total I paid rs.87500. But the current fund value of that is 51751. Somehow I sense now that this product was missold to me, infact even if I pay for 2-3 more years, hardly I can make the amount equal to what I pay. I would like to cancel this now. But since the lockin period of 3yrs is not complete yet, if I stop making payments do I get any amount after surrender. What am I going to loose because of this. Any suggestion what would be the best option at this juncture.
It would be great if you can get some suggestion for the above question.