I am 32 year old executive. I have recently purchased Aviva Freedom Life Advantage Plan for Rs.25,000/- annual premium for 20 years. I am still in doubt if this is the right choice for ULIP. Please help me and guide me about ULIPs.
I am 32 year old executive. I have recently purchased Aviva Freedom Life Advantage Plan for Rs.25,000/- annual premium for 20 years. I am still in doubt if this is the right choice for ULIP. Please help me and guide me about ULIPs.
Is 'free look in' period still there for your ULIP policy?
If not than you cannot do anything. You have to discuss this before taking above policy.
If the free look in period is over than also you have option to increase / decrease Life Cover (Sum Assured), so use it if don't like.
Check here - http://www.avivaindia.com/en/Individ...Advantage.aspx
First insurance you always buy is term insurance . Be very careful of ULIPs and other schemes and understand the return to risk cover before purchasing . The insurance saleman will always try to sell a non- term insurance , but its always better to buy term insurance and Mutual fund rather than just a non term money back insurance scheme.Quote:
Originally Posted by Jignesh