Dear Sreekanth,
Please suggest on my below ULIP investment can i continue for some time or switch it
please suggest to best ULIP in SBI
the details as below;
from 2010 to 2013 every year invested 50k three years total investment 1.50L still the fund value 1.96L please suggest...
Fund Name
Nos of Units
NAV Per unit(Rs)
Value (Rs)
SBI Life FlexiProtect II Fund
10493.4872
18.7178
196414.99471216
* as on 23-AUG-2016 Highest NAV for SBI Life FlexiProtect II Fund is 18.82
4 Answers
Hi,
May I know the reason for discontinuing paying policy premiums? And your objective for buying this plan?
Kindly share details on your financial goals and if possible other investments details.
Hi,
Based on your PRIVATE reply, suggest you to immediately buy a Term insurance plan with adequate life cover and then you may discontinue all your Traditional life insurance plans and re-invest the saved premium for your long-term goals (retirement, kid's education and also for maintaining sufficient Emergency Fund).
Read:
http://www.relakhs.com/traditional-life-insurance-plan/
http://www.relakhs.com/term-insurance-plan-a-waste-of-money/
http://www.relakhs.com/best-online-term-insurance-plans-india/
Also, buy a stand-alone Personal accident insurance cover as you are the sole bread-winner for the family.
Read:
http://www.relakhs.com/best-personal-accident-insurance-policies-in-india-details-comparison/
Suggest you to go through below article without fail and do revert to me if need help;
http://www.relakhs.com/personal-financial-planning-articles-list/
Hi,
In reply to your PRIVATE comment..
Suggest you to kindly take stand-alone family floater plan.
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