POSTED BY December 27, 2014 11:20 am COMMENTS (2)
ONI started this ULIP policy in 2006 and don’t see any returns on it , the money is stagnant , the policy is for 63 years. The insurance is only 3 Lakhs and I pay monthly amount of 2000.
Considering this , should I surrender the policy and re-investment the amount (they will deduct around 25K in this case)
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Please have a look at this link, it might help you decide:
http://www.thehindubusinessline.com/portfolio/beyond-stocks/should-you-surrender-your-ulip/article4606106.ece
Why will they deduct so much ? Is the surrender value so high even after so many years ?
I think you should get out of it !