Which one should I use : Emergency Cash or Surrender HDFC Endowment Plan II?

[manak_001]

I have kept cash worth Rs 60000 in my savings account, as an emergency corpus. I do have a ULIP of HDFC Endowment Plan II, in which I have invested Rs 75,000, and its present value is around Rs 55,000. The policy has covered the lock-in period of 3 years and already I have complete 3.5 years. Should I use the cash lying in my bank account or surrender the ULIP policy?

Please suggest me the best way out of the two above.

Thanks a lot!
Manak

[Manish_Kumar]

I don't know - how big is your emergency?
But I suggest you to go and use your cash first.

[Rahul]

I have kept cash worth Rs 60000 in my savings account, as an emergency corpus. I do have a ULIP of HDFC Endowment Plan II, in which I have invested Rs 75,000, and its present value is around Rs 55,000. The policy has covered the lock-in period of 3 years and already I have complete 3.5 years. Should I use the cash lying in my bank account or surrender the ULIP policy?

Please suggest me the best way out of the two above.

Thanks a lot!
Manak
Go for cash in Bank.