My name is RAMESHA VARNA B., aged 39 years from Bangalore
I have taken four ULIP policies in 2007-2009. The details are as follows 1. HDFC standard life Unit Linked pension plan II with Yearly premium of Rs 15,000/- 2. Birla Sun life Flexi life line 2006 with Accidental death & dismemberment rider with yearly premium of Rs. 10,288/- 3. AVIVA Young scholar with annual premium of Rs.20,000/- 4 LIC moneyplus with yearly premium of Rs 10,000/- paid only for 3 years & stopped now.
After taking these policies & invested for more than three years, I realized that the fund growth is not much & maximum charges were taken in the initial years. Now I have invested in LIC term insurance(without profit) for 25 Lakh cover & taken Jeevan Anand policy for coverage of 15 lakh(15 policies with one lakh each sum assured) in my name & 17lakh in my spouse name(17 policies with one lakh each sum assured). Now I couldn't continue paying ULIP policies. Suggest me a way to continue with the coverage & getting maximum benefit from the above ULIP policies by withdrawing money or surrendering the policies is the best option ?
Please reply
Ramesha Varna.B Bangalore
