ULIP

POSTED BY S.Sivaram Subramaniamsivaram ON August 1, 2013 6:55 pm ONE COMMENT

Dear sir

I know pretty well that my Insurance should be seperate and my Investments should be seperate despite knowing about ULIP Ihave taken a Dream Plan ULIP for 14 Lakhs sum assured  with Birla Sunlife just to cover my Housing loan liablity in case any thing happens to my life.But now I have preclosed my Home Loan should I now continue that ULIP Policy or surrender the same .I pay annual Premium of Rs7500 .Kindly advise

 

One reply on this article “ULIP”

  1. Dear Sivaram, as the basic purpose of purchasing this policy, covering your home loan liability is over, it’s advisable to surender this policy. Before surrendering this policy, please purchase adequate cover through term plan, if not purchased already.

    thanks

    Ashal

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