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POSTED BY ON August 7, 2012 10:15 pm COMMENTS (4)
Dear Sir
i took one insurance policy namely “Individual Life – Platinum Plus Fund III (ULIF01628/04/09BSLIIPLAT3109)” from Birla Sun Life Insurance Policy in the year 2009 Aug for a sum of Rs.150000 and paid Rs.150000 in six installments.(its a unit linked policy)
Now the fund value is at Rs.131000 and i am in a dilemma whether to continue or to withdraw now losing around Rs.20000-Rs.22000.
The present unit value is hovering at Rs.12.05 and if the unit value reaches Rs.15 then i may get my invested sum back.
When sensex is hovering around 18000 mark the unit value is Rs.12 and to reach Rs.15 i do not know to what mark the sensex should touch.
pl advice me whether to continue or to withdraw the money for Rs.20000 loss.
regds
amar
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You can get rid of it , its not letting you sleep . Its a myth that your investment value will come back on NAV 15 , because there are various charges which get cuts every year which pushes that “required NAV” more further, more the time it takes, the higher the NAV you will need .
Markets much perform better now in future (3-5 yrs) hence keep your money in Equity part is also one way you can go
Thank u very much Mr. Manish….i just try to pull out as soon as possible…pl guide further if possible whether markets will go up in near future so that i can minimize my losses.
amar
Dear Amar, please read the policy documents for the surrender charges also. This ‘ll eat away a part of your current fund value.
Thanks
Ashal
thank u Mr. Ashal
certainly surrender charges exist…i would talk to them….thank u for the reply also .