user
R.Saravanan

Question

i have taken icici prudential life time gold police at Jan 2008 yearly prem. 20000 thousand i have paid 3 years only now my police value and now continued or surrenter my police

  • Asked By: R.Saravanan
  • On: 30th Nov 2012 12:47 PM
  • Answered Within: 22 Hours
expert
MIC Expert

Answer

Please understand that you would not stand to gain in the short term with ULIPs. ULIPs are very good if it is continued till a very long time. 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 ICICI Prudential Life Insurance Company and check with them.

  • Answered By: MIC Expert
  • On: 1st Dec 2012 11:11 AM

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