I have AVIVA SaveGuard ULIP policy, any originally i have opted for yearly premium payment.
I am wonderig that if i start paying premium monthly/quarterly, then will it be more beneficial?
Let me explain my idea in detail…….
if i pay 12000/- premium yearly in December 2008 then i will be getting units with NAV as in december.
But if i pay premium monthly (1000/-) from Jan 2008 to Dec 2008, then will get more units throughout year, because NAV will be definitely less in Jan 2008 than Dec 2008.
Will this plan be really beneficial?
will i have to pay extra allocation charges if i opt for monthly premium?