I took LIC’s Market Plus without life cover last year. Since this policy is without life cover, isn’t it like a mutual fund?
If it is like a mutual fund, why do they have so high premium allocation charge of 16.5%?
Since, I am just 23 years old, I don’t want to continue it for 20 years. So, if I surrender it after 3 years, I will be at loss, right?
What is the best way to get out this policy with as little loss as possible?