Can we defer the payments of ULIP?

I victim of ULIP policy.In 2008, I saw my policy had almost lost more that 60% its fund value. Now I want to defer the premium as still I am loosing around 20%.

Please suggest me. Thanks in advance.

Worst time is over for stock market and ULIPs and keep up the ULIP policy for more than 3 years i.e. upto 5 years - You will get good return.
And don't skip premium its not a good habit.

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Originally Posted by Gold

I victim of ULIP policy.In 2008, I saw my policy had almost lost more that 60% its fund value. Now I want to defer the premium as still I am loosing around 20%.

Please suggest me. Thanks in advance.

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Gold, Keep investing and wait. You will get good return in 2-3 years.

Quote:

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Originally Posted by Gold

I victim of ULIP policy.In 2008, I saw my policy had almost lost more that 60% its fund value. Now I want to defer the premium as still I am loosing around 20%.

Please suggest me. Thanks in advance.

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If you won't pay the premium it's deferring the premium until grace period. After expiring of the grace period, the policy cover is not active. Than if you want to reactivate or reinstate the policy back - you have to pay premium + admin charges.