Should I continue 2 ULIPS of ICICI or not

[samkapoor77]

I have paid 3 premiums of Rs. 30,000 each in 2 ICICI ulips ? Life stage pension and life stage RP. When I purchased these policies, my basic idea was insurance plus investment. I purchased these policies without digging into the details. Please suggest whether I should continue with these policies or I should switch my funds.

[samkapoor77]

For all your future investment, always remember that insurance and investments don’t go hand in hand. For your insurance needs, I will suggest you to purchase pure term insurance policy. For your investment needs, go for PPF, fixed deposits, recurring deposits, mutual funds, bonds.

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