I have paid 4 annual premiums of Rs. 25,000 each towards fortune builder of Max Life Insurance. It is a ULIP policy. The current value of this policy is Rs. 80,000. Can anybody tell me when can I expect to achieve break even point in this policy?
This is a market linked plan. When the market will be on higher side, you will easily recover your loss. Since it is not a guaranteed plan, one cannot foretell as to when you will be able to achieve break even point. Wait for the market to be up.