Foreclosing ULIP

#1
My daughter has joined Tata-AIG-invest assure Gold plus ULIP and paid two premiums of Rs 50 000 each in 2010 and 2011 and the third premium is due this month.In addition she has to pay two more premiums of equal amount in 2013 and 2024..As on today it is worth about Rs 70 000 only.The surrender value is Rs 30 000.Since it has not appreciated as any other investments in equity MF Gold Etc I feel these ULIP schemes are sucking the policy holders to enrich itself. I am to advise my daughter not to pay the 3rd premium and foreclose it so that we can stop loss now rather waiting to lose more in the years to come.. My daughter was lured in to this game without my knowledge and I feel strongly that ULIPs are not investment destinations and they are utmost camouflaged life insurance of worst category. Has some one holds a different view.Please enlighten me.
 

praveen taneja

Well-Known Member
#2
It is true that Market plays a role in ULIP's ups and downs.

ULIPs are the best and safest place for investment - provided your fund is in safe hands.

In ING Life, we have a unique product named ING Market shield. The fund rises with the market but stabilizes when the market falls.

In market shield the investor's money is safe.

For more information - contact me at +91-xxxxxxx
:rofl::rofl::rofl::rofl::rofl: I dont think this plan comein in first 100 ULIPs running in India
 

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