My uncle has paid 6 premiums of Rs. 25,000 each towards ICICI pro life time gold flexi growth policy. It is a ULIP and in 6 years the NAV has marginally gone up. What should he do ? should he continue with the policy or should he surrender it?
On one side, your uncle will find well and on the other tranche. Both ways he will lose money. If he continues there will be certain charges and on surrendering he will have to pay surrendering charges. Let him decide how he would like to lose.