I invest every year 10000 in ICICI LifeTime Pension plan under Pension Maximiser Fund for retirement. My age 35 yrs. I have opened this ULIP back in 2004. Pension plan still has about 11 years still remaining till maturity. Deducting the costs the fund value stands approximately 196000.
I now want to increase my premium form 10000 to 48000 per year. Can you suggest I keep investing in the ULIP under the same fund and increase the amount as above.
If not ULIP should plan for mutual fund?