Surrender value less than what I paid in Aviva ULIP Plan

POSTED BY deepakjindal7 ON January 24, 2014 7:41 pm COMMENTS (10)

I purchased a ULIP plan from Aviva 8 years ago @ Rs.20,000/ year. I was told that after lock in period of 3 years i can withdraw the money. But till today i have deposited Rs. 1,60,000 and the NAV value shows Rs.1,74,000. But if i surrender the policy they are paying just Rs. 1,41,000.

What should i do, should i continue or surrender the policy ?

Thanks,

Deepak Jindal

10 replies on this article “Surrender value less than what I paid in Aviva ULIP Plan”

  1. ashalanshu says:
    January 29, 2014 at 6:35 am

    Dear Deepak, I was asking for the fund where your money is invested. it may happen that your money is invested in debt fund and by switching to Eq. fund within the same ULIP, you may earn a better return. That’s why I was asking for fund you invested in under your ULIP.

    Thanks

    Ashal

    Reply
  2. divya.advisor says:
    January 28, 2014 at 8:20 pm

    Wecome to the world of ULIP investors who realize their mistake after few years. why do you want to continue a policy that has not even given you returns of a savings bank

    how much life insurance does it give areound 2 lakhs I guess. if you prefer only insurance you can take endowment plans from LIC. My advise would be to surrender and take a term plan to cover yourself well and then invest money as per advise of your financial advisor. Plenty of options, returns in insurance will be lower you need to understand that.

    Reply
    1. deepakjindal7 says:
      January 29, 2014 at 11:32 am

      Thanks a lot for your advice, i already have a term plan for 50 lacs. Just worried about this policy, thanks. Are you a Financial advisor ?

      Reply
      1. divya.advisor says:
        January 29, 2014 at 1:09 pm

        I am not a certified financial planner. I am MBA(Finance) by education and I also have insurance agency from LIC of India.

        Reply
  3. deepakjindal7 says:
    January 28, 2014 at 8:59 am

    Info is there, i just need your guidance to whether to continue or discontinue.

    Reply
  4. ashalanshu says:
    January 27, 2014 at 8:21 pm

    Dear Deepak, please check and read your policy bond. the desired info is there.

    thanks

    Ashal

    Reply
  5. deepakjindal7 says:
    January 27, 2014 at 12:26 pm

    I am not aware of the fund

    Reply
  6. ashalanshu says:
    January 25, 2014 at 9:34 pm

    Dear Deepak, in which fund your money is invested?

    Thanks

    Ashal

    Reply
  7. deepakjindal7 says:
    January 25, 2014 at 8:48 am

    Aviva Life Long Unit Linked Plan

    Reply
  8. ashalanshu says:
    January 24, 2014 at 9:44 pm

    Dear Deepak, what is the name of the policy?

    thanks

    Ashal

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.