LIC PROFIT PLUS ULIP POLICY?



I just wanted to know whether my profit plus investment is okay to keep or to withdraw. Since i am seeing NAV is very low only. If i want to surrender this policy i will get only NAV value of my units or any other benifits i will get. Initially they showed lot of details we will get this much for third year etc., but if this is continue then i think we can invest the same in some other instead of believe this one? Any suggestion?

6 Replies to “LIC PROFIT PLUS ULIP POLICY?”

  1. Now that you have bought a ULIP plan, you need to keep few things in mind.
    – Never surrender a policy after 3 years or so. This is because, it is during these 3 years that the insurance company charges you the most.
    – Don’t surrender a policy bacause NAV is going down. NAV is supposed to god own and up. When you invested in ULIP, you should have known it. Infact any money you put in your ULIP (or any equity based investment) now will turn out to be most profitable one after 10-15 years or so.
    – ULIP is not for everybody. If is for those who can’t invest regularly thru MFs etc(maybe because they are too lazy, indisciplined etc). So, if you can, invest in MFs thru SIP.

    So, keep investing in your plan. If you don’t want to, then pay three premiums and leave it. Don’t surrender it.


  2. Don’t withdraw the fund value now. If you invested for the last 3 years your fund value could equal to your investment.
    ULIP’s are meant for long term horizon.
    If you stay invested for the next 10 or the entire term t will gives you a decent return then that of FD or Bonds.
    ULIPs will give a return f 10-13% in a long term horizon if you invested in equity fund.



  3. ULIPs ARE LONG TERM INVESTMENTS, AND IN LONG TERM YOU WILL GET GOOD RETURNS.DON’T LOOK AT NAV EVERYDAY.IT WILL ONLY INCREASE YOUR BLOOD PRESSURE.
    YOU HAVE INVESTED IN A GOOD POLICY, ALL LIC ULIPs ARE GOOD.PVT PLAYERS’ CHARGES ARE TOO HEAVY. STAY INVESTED FOR AT LEAST 5 YEARS, AND YOU WILL NOT REGRET INVESTING IN IT.
    WHEN NAV IS DOWN, IT IS BEST TIME TO PUT MORE MONEY BY WAY OF TOP-UP PREMIUM



  4. Hi Anil,

    ULIP’S are most times good only for a long term investor. Its better you continue your investment so you can average your losses.

    You can also try the switching option if available where you can change your investment risk from Equity – 100 % to probably 50% Equity & 50 % debt. This will help in averaging the losses even in a volatile market situation

    Else if you want you can try IDBI Equity Growth Fund Option as well which has given very high returns so far and it has a very low NAV so it will be a cost benefit for you as well.





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