Hi Sridhar,
Am regular reader of Relaksh and very useful to all. Am personally got benefited with your recommendations.
I got in to a ULIP plan ICICI Elite Life super with 2L as annual premium. I invested in this ULIP as the requirement is only after 5 to 6 year.
In the current market scenario many of my current MF invested 2 to 3 years are having good yield, got down to this market crash and plan to wait for few more years.
Am asking you a suggestion, is it good to continue the ULIP for 4 more years with current scenario in mind or Can drop with discontinuation charges and I will get 2L after 5 year.
3 Answers
Hi,
May I know the commencement date and policy tenure of your policy?
What was your investment objective for buying this policy?
Dear Thothathiri,
Personally, I prefer Mutual funds to ULIPs.
Kindly note that the returns are dependent on the type of Fund options chosen by you.
What is the Fund option chosen by you?
May I know the list of Mutual fund scheme names that you have invested in?
You may discontinue this ULIP, you will get the invested amount after 5 policy years, with minimal interest rate minus any charges.
Dear Thothathiri,
(Kindly note that I was referring to Fund option of ULIP).
Are all these MF investments for Kid's Education goal? Is your investment time-frame for these is around 5 years?
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