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AJ
January 2, 2012
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Hi, I am having HDFC Unit Linked Endowment Plan policy taken in year 2007. So far I have paid 1,25,000 but the fund price as on date is around 1 lakh. can u please advice: 1) If I should continue this policy 2) Was this a right decision in buying this policy 3) Future prospects of this policy Thanks.

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MIC Staff

January 3, 2012 : Answered in 9 Hours

ULIPs are usually front loaded plans and hence all charges are charged in the initial years only. Thus, your fund value is low in the first few years. However, if you continue this plan till the end, then you would get the desired returns as anticipated at the time of purchasing the plan.

There are 4 Unit Linked Plans from HDFC Life Insurance:

1. HDFC SL Crest
2. HDFC SL Pro Growth Super II
3. HDFC SL Pro Growth Flexi
4. HDFC SL Pro Growth Maximiser

Whichever plan you have taken among the 4, it is the best deal to continue the plan till the end.

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