I bought icici prudential life time policy in 2005 with a lock period of 3 years and i am still continuiting?



I bought icici prudential life time policy in 2005 with a lock period of 3 years and i am still continuining it. wat are the current prospects of the policy is it rite to sell of the policy.

6 Replies to “I bought icici prudential life time policy in 2005 with a lock period of 3 years and i am still continuiting?”


  1. We can gv u a rough estimate….howver, for tht we shall require the following details :
    1) Name & age of Policy holder
    2) Name & age of Person insured
    3) Amount of Insurance
    4) Amount of premium, mode & tenure
    5) Fund option(s) selected by u
    6) Riders selected by u
    7) Tenure of Policy
    8) Other terms & conditions of Policy
    9) Name of Policy

    Thnx & rgrds,
    Ruchi Kedia
    Richhpal Financials


  2. You should continue atleast more 2 years and after that you can stop premium and hold the policy and also invest in mutual fund same amount of premium.

    But it’s all depends on your age


  3. I suggest not sell to in this stage.You have already paid the maximum amount in the 3years period for other initial deduction part.Now your money is investing in funds which you have selected.Take awareness of Various funds and the charges.
    If your premium through monthly mode is the best option to gain more unites in 12months compare.
    Be aw ere of switches and redirection for funds option.
    Any life insurance product for long term only.It is not pure investment for 3-4year purpose.

    I suggest to take more knowledge for life insurance as well as investment.


    1. Hello Parag,

      As far as safety is concern, all insurance companies, including LIC, are being regulated by IRDA. So, does not make any difference. But if you’re looking for investments in insurance, forget it. Take online term insurance plan from Aegon religare and invest your money in PPF, Gold and equity mutual funds.

      You can create MORE wealth by NOT investing in life insurance policies.

      Read the financial planning articles under “Articles” section of this website to learn more.

      Hope it will help you.
      Admin





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