I have bought Bajaj Allianz Life Insurance's IGain Plan and have paid premiums for three years. Now I want to stop premium payment. Will they charge motality charges from now as I want to keep it as an investment only or should I take my money out and invest in the mutual fund.
Bajaj Allianz Life Insurance's IGain Plan - Partial withdrawals allowed anytime after five years from the commencement of the policy.
Any specific reason for stopping the premium payment? ULIPs are long term plans and they invest in the equities for long term, in three-four years you won't get the returns, if you compare it with MFs. As mentioned by Vivek wait for 5 years before do anything with this plan.