I have purchased a Bajaj Allianz future gain policy (premium 50k). Now I am not interested to continue with my second premium. If I discontinue, will there be a loss? I I lock this amount for the next 5 years, will I get the same benefit?
This is a typical ULIP Plan. Here even though the lock in is specified as 5 years, but you can come out at any point of time with paying discontinuation charges. So you will definitely under loss. However, it is WISE decision to come out. Instead of discontinue and wait for 5 years, I suggest to go for surrender.