I had taken a policy from LIC of India for the ULIP Money Plus Last Year?

Question

And i had paid for the first year and now second year payment has come and now iam worried with the Sensex crashing down badly investing again on this policy is worth or not?And being paid for the First Year and if i dont pay for the second year and later years. Will i get back atleast my invested money fully in the 4th year or 5th?Can you suggest what to do at this point of time.

Answer 1

You need not worry about the sensex crash, since yours is a long term commitment. And you will get more units when you invest while NAV is low. Continue investing atleast for 3 years before thinking of surrender to avoid losses.

good luck

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Answer 2

Pl do not expect miracles overnight.

keep paying the premiums and you will get good returns.

Do not worry too much about the market ups and downs are common in the market.

Answer 3

U dont worry regarding the market crash nw as ULIP is a long term saving tool and in a long term it will not give a loss to u . keep investing for a long term and at a regular interval . And dont stop paying the premium as u wont et bac anything u hav to pay atlest 3 yrs in order to get bac a reasonable amount .

( my sugestion is to stay invested for a long term )