I have Future Generali Select Insurance Plan which is opted on Sep 2010, which will complete 5years by next month Sep 2015. The yearly premium is 18,000 with monthly ECS is 1500. It’s a ULIP Endowment which will invest in different Future insurance funds.
Unknowingly I have opted this plan by insurance agent but somehow I have continued to till this year. So far the NAV for the selected funds are good. Now I have a plan to surrender this policy after Sep 2015, is it good to surrender this policy or withdrawn the partial amount by keeping 1-year premium amount?
Prasadkrsv-If the fund is performing well then continue. But I am against a product which combines Insurance with Investment.
Thanks Basunivesh for the info. Agree with you but when I opted this product I am not aware of this.Can you please comment is this product is going good so far?Sum Assured of the Policy : 3,00,000, Policy Premium Term : 10.Premium Amount : 1500.Future Income 88.52769 units 20.25389NAV = 1793.0300952141Future Opportunity 7199.24119 units 14.18746 NAV = 102138.946413477Future Secure 338.24143 units 18.68979NAV= 6321.6612959997 Total = 110253.637804691From Sep 2010 to July 2015 = 59 Months * 1500 = 88500 total paid premium.Current value based on NAV is 110253.637804691.