Hi,
I have started investment in Tata AIG Life InvestAssure II 5 years ago with yearly 12,000 Rs. I have checked my current value is around 48926 and surrender value is 44528 against 60000 invested money.
As market is high I am getting 44k Rs, earlier it was 36k Rs some months ago.
I am thinking to surrender this policy as I looked in depth what I got: every month around 78Rs and every year 132Rs, total 1068Rs are being cut in charges.
I am losing around 9% in charges and thinking market may go bit down next year will loose another some 2-5%.
If I put that amount in FD will get around 10% interests against 10% loosing in charges.
Should I surrender this policy after sometime (when market reaches around 5900-6000) to get maximum value?
Please advice.