What should I do with this Liftime gold policy?

POSTED BY jaimin ON January 5, 2014 10:09 pm COMMENTS (6)

Hello investors,

My father has taken life time gold flexi growth policy cum MF. At that time (6 year back) nav was Rs 15.50. Now current NAV is  16.25.

Now agent told my father to stop paying premium so what to do? Premium is 30K/year.

6 replies on this article “What should I do with this Liftime gold policy?”

  1. ashalanshu says:

    Dear Jaimin, be ready to to bite the bullet. Your father ‘ll lose as good chunk of money in this policy, either way. If he continues, in the form of various charges and if he surrender now, in the form of surrender charge. Please decide as per your own comfort level.

    Thanks

    Ashal

  2. Syamantak says:

    so in 6 years the gain is a mere 5%. Do you really want to continue with this any more? a bank FD would give better return atleast

  3. Sibin says:

    Not have much idea about this one. Lets wait for others to comment

  4. jaimin says:

    icici pro life time gold flexi growth

  5. Sibin says:

    Can you give the full name of the policy including the insurance company name?

  6. jaimin says:

    latter i know its ulip, still dont know about stay or surrender?

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