Hi Everyone !
I got into a ULIP trap i.e SBI Life Smart performer. I already paid 2 premiums (Rs 100000/-) out of 5 and Nov 4th is due for my 3rd premium.
My current fund value is Rs.97048.59.
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* as on 08-OCT-2013 Highest NAV for SBI Life Daily Protect Fund – III is 11.99 |
I realized now, I did a mistake by choosing this product with a wrong impression given by SBI manager. Anyway, I don’t want to blame him for my ignorance. He is there to market his products and he did that at its best J.
Forget about Insurance, will it make sense to continue this assuming it is part of debt investment for long term. Can anyone give some rough figures on returns if I continue full term.
If I surrender now, I’ll get this money after 2yrs with around 3 to 4 % interest with discontinue charges stuff like that.
Should I continue with this or drop ?
Thanks,
Kumar.