Should I surrender ULIP Plan

POSTED BY Jain ON August 21, 2011 2:44 pm COMMENTS (2)

I have Bajaj Allilanz New life ULIP Plan. I paid 15,000 premium for three years and then stopped it. Sum assured is 75,000. Present value is 55,000. Should I surrender this policy ? If I surrender this policy where should I invest to get better returns?

 

2 replies on this article “Should I surrender ULIP Plan”

  1. Dominic Prakash says:
    August 22, 2011 at 8:02 pm

    It is not a good time to surrender a ULIP if you are not planning to move the proceeds into equity MF.

    Reply
  2. Manish Chauhan says:
    August 22, 2011 at 6:37 pm

    You should surrender this policy if you are not able to use its features and take its advantage .

    Do you really understand it ? I dont think so .. better surrender and use the proceeds in MF .

    Manish

    Reply

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