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 ?


Deepak Jindal

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

  1. ashalanshu says:

    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.



  2. divya.advisor says:

    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.

    1. deepakjindal7 says:

      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 ?

      1. divya.advisor says:

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

  3. deepakjindal7 says:

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

  4. ashalanshu says:

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



  5. deepakjindal7 says:

    I am not aware of the fund

  6. ashalanshu says:

    Dear Deepak, in which fund your money is invested?



  7. deepakjindal7 says:

    Aviva Life Long Unit Linked Plan

  8. ashalanshu says:

    Dear Deepak, what is the name of the policy?



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