I have purchased ING Vysya Life insurance policy in 2005, paid 30000/- want to surrender the policy?



I have Purchased ING Life vysya Insurance policy in May 2005 and I have paid 30000/- till 2009, now I want to surrender the policy since its present rate has come to 24000/- and I have not got any benifits out of this policy, and in future also no hope that things will improve. Please suggest me whether to surrender or not

I have purchased ING Vysya Life insurance policy in 2005, paid 30000/- want to surrender the policy?
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5 Replies to “I have purchased ING Vysya Life insurance policy in 2005, paid 30000/- want to surrender the policy?”

  1. Ulips seems to be the policy you purchased.
    If surrender now you will lose more than earning anything.
    Surrender only when the stock market gets buoyant & will earn something for you.
    Always buy other Insurances than these kind of policies with high risk market dependent one.


  2. We are having Total insurance company coverage so able to provide latest and most beneficial offer for you. Providing your satisfaction quotes is our goal.


  3. Loss is common with ULIP plan because its depends upon market risk , its not beneficial for short term investment . I don`t know why you stop paying your premium in between , but its really a mistake because its get an adverse effect on your policy growth. You looks like to be in confusion. I know one thing that surrender are always to be barter ( ghate ka sauda ). But remember one thing also when all is going to be lost then save some part of that are a smart decision.


  4. Dear Sir.

    I have purchased ING Vysya Life insurance policy in 2005, paid 30000/- want to surrender the policy?
    i want to stop my policy , for that kindlt sugesste me wat are the formate to refund our policy amount

    1. You need to visit the nearest branch of ING life insurance with original policy bond, cancelled cheque and your ID proof. They will provide you the form to surrender it.
      Admin





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