Hello,
In 2005 I had taken ICICI Lifetime Pension II. Premium rs. 20000 per year, and sum assured rs. 210000. That time I did not have an idea about its pitfalls and high initial expenses. Anyway, then I started actively managing it with the available free switches to try make the best out of it. I am now seeing this as a purely investment and not as an insurance.
Till now, since 2005, I have paid around rs. 60000 as premium, and its current fund value is showing as rs. 102020.
Current asset distribution is 21% equity.
The portfolio is into Flexi Balanced(11%), Protector(75%) and maximizer(14%).
Please provide your valuable suggestions with todays market scenarios for my future suggested actions. I can stay invested if recommended as I do not have immediate requirements to liquidate.
Should I continue and tweak my portfolio to shift towards equity 70% ? If yes, what are recommend funds in this ulip?
Would being only in Flexi Balanced be fine, or should I try Flexi Growth (70%) and protector 30% , or some other combination, or let it be as-is?
Or actually completely take out my money now from it?
Your views on this investment of mine please.