If i choose to withdraw ULIP policy after lockin period how many days will i get the money?



I Have a Kotak life smart advantage plan ( ULIP). it will complete 3 yrs in sept 2011. I am yet to pay the August installlment. the policy is under lapse mode. If i choose to renew it by paying the last due and then with draw immidealty after that . will i get the fund value. As i dont wish to continue this plan and need cash . Aslo let me knw how can i figure out my fund value.

4 Replies to “If i choose to withdraw ULIP policy after lockin period how many days will i get the money?”

  1. don’t withdraw at this time market is down you will loss lot of money wait for 2-3 months let market goes up and get good amount



  2. Any ULIP policy has to complete 3 years. to get a surrender value.

    When your 4th Annual premium is due , you can withdraw.

    You will get less than what you have paid. ULIPs are good only for the long term.

    Ideally you should only go for PURE TERM PLAN and invest the premium saved in SIP with MUTUAL FUNDS.

    Do not mix INSURANCE with INVESTMENT.






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