if we invest in ulip for 10 yrs period and unable to pay for 9 yrs then can we draw our 1st premium after 3yrs



4 Replies to “if we invest in ulip for 10 yrs period and unable to pay for 9 yrs then can we draw our 1st premium after 3yrs”

  1. Yes it is possible, but not on all the companies. Only SBI Life Insurance offers this flexibility. In other co’s if only 1 yr premium is paid and 2nd year you dont pay, the first year premium is lost. In Unit Plus II of SBI Life, there is a revival period of 3 years and surrender is possible even in the 2nd year also. If you want more details pls mail me at [email protected].


  2. no way
    as per irda rules all insurance of ulips
    one has to necessarily pay three years premia
    otherwise all ur money stands fofeited
    if u r yet to start pl consult before u do
    i have some better options for u


  3. no
    if u paid premium only in first year u will get nothing
    and uur policy will get laps
    so pay premium 4 first three year in the 4th year u can get money
    this the rule 4 L.I .C


  4. Whic insurer are you talking about?

    There are different rules for different ULIPs. A few closed ULIPs of LIC had the option of withdrawin the money anytime. Now IRDA has made it mandatory to pay the premium for at least 3 years. If you stop paying the premium before 3 years the surrender value will be NIL.





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