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Hi,
IPru Life Stage Assure Plan is a Unit Linked Insurance Plan. ULIPs are long term plans and most of the policy charges are charged upfront. Even though the charges are usually low in single premium policies, they are relatively higher than traditional insurance policies. But it is always a better deal to continue the plan till the end to get best returns. If you had taken the policy from a long-term perspective then you should wait till the end of the policy term because once the markets start performing, your policy fund value will also go up. Do not panic or worry much if the value is not looking good currently. If you are not keen to wait and have doubts then I suggest you visit the closest branch of the life insurance company and check your surrender value.
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I've a ULIP plan named "Tata AIA Life InvestAssure Optima Plus" of 20yrs; SA: 450000 with for which I've already paid 3 premiums amounting to 92000. My current fund value is as follows: Fund Name: Whole Life Aggressive Growth Fund No. of Units: 3,465.751109 NAV: 16.5513 Fund Value:...
There is no logic to discontinue your ULIP after 3 years.
Read Should You Discontinue Your ULIP after Three Policy Years?
Please understand that you should never stop a ULIP before 10-15 years. The entire purpose gets defeated and then you would crib for not good returns. Please understand ULIP... Read More>>
Sir, I have bought icici pru life, life stage assure plan in the year 2009. term - 10 years. I am regularly paying premium for the same but not sure Will this policy give good monetary benefit after maturity since getting negative feedbacks about this policy.
ULIPs are long term plans and it takes about 10-15 years for any ULIP to break even and perform positively. There is no logic for negative feedback about this plan since it is a regular ULIP and can surely perform well in the longer horizon. Negative feedback would be typically because of ULIPs as... Read More>>
Hi Sir, Currently I am having HDFC Sl YoungStar Champion Suvidha(Growth Fund II). From the last three years i am paying 30k Annual Premium as of now its total current value is 72k which -33%. I am really confused what to do now, as according to policy i have to pay 5 premium that SUM Assured Value...
Dear Ashish,
Please understand that you should never stop a ULIP before 10-15 years. The entire purpose gets defeated and then you would crib for not good returns. Please... Read More>>
SIR IAM INVEST 100000/- IN SBI SAMART PERFOMER IN SECURE GROW IN2011 NOW MY FUND VALUE 97120/- MY DOUBT IS PURCHASE TIME AGENT SAYS ON MUTURITY YOU TAKE ATLEAST 250000/- AMOUNT THIS IS TRUE? SO HOW MUCH I EXPECT ON METURITY
There is no logical reasoning to calculate the fund value of any ULIP. The fund performance would depend on the market performance which cannot be calculated now.
However, please understand that you should never stop a ULIP before 10-15 years. The entire purpose gets defeated and then you would... Read More>>
As my both the policies from HDFC has completed 3yrs and locking period is over. So its my wish as to further deposit the premium or not. Is there any better option that these policies to invest this 78000 amount and can get better and assured returns.
Dear Arun,
For my HDFC Super Endowment plan, right now premium payment is half yearly. So, the units are purchased twice in a year. If i convert this into monthly premium, will it be beneficial to me.
Hi Sir, I have taken unit linked policy form bajaj allianz four years back. But does not show good returns. What should I do? Should I change the policy or continue. I am paying 20000 per year. Monika Sangwan
hello sir i have purchased a HDFC Crest policy in dec 2012. n currently my fund value is 47000 . is it ok to continue with policy or shall i have to quit . n suppose i will quit what will be my amount. and one more policy is young star champion hdfc i have paid 20000 last four year total amount is...
In a Unit-linked insurance plan, the premium paid by you is invested in the markets after deducting the policy charges. So initially, the fund value will be less than the premiums paid but then it starts going up depending upon the market performance.To expect good returns from a ULIP, one has to... Read More>>
hi sir i have ulip policy but market is not doing growth i am not getting understand what should i do
I am 57 years old.I am investing about 34,000/-pm in Birls Sun Life Classic Pension Plan,since Sept.2010.On checking the current fund value,it was negative.Please suggest good pension scheme,for my age. R.Plaha
Dear Rakesh,
Please understand that you should never stop a ULIP before 10-15 years. The entire purpose gets defeated and then you would crib for not good returns. Please understand ULIP investment should be at least for 15-20 years else you would not get good returns. It breaks even over the costs... Read More>>
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