I have taken a ULIP Insurance policy of Bajaj Allianz-(New Unit Gain- Equity Growth Fund), which premium is per annum Rs.10000/- , now after depositing of Rs.30000/- within 3 years it's market value is Rs.20838/- only so Is i should switch the policy or stay more 7 years?
Dear friend,
I too own a Bajaj Unit Gain Policy, instead of allocating all your fund in one basket. divide it into 3, put 25% into growth fund, where there is moderate risk, 25% where its high exposure to the share market. And 50% into a balanced fund, where half the money is safe and growing slowly. i too did the same and my fund value from 30000 has come up to 71000 as of now.
Good luck.
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