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

  1. #1
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    Question Which one should I use : Emergency Cash or Surrender HDFC Endowment Plan II?

    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



  2. #2
    PW Stalwart Manish_Kumar's Avatar
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    I don't know - how big is your emergency?
    But I suggest you to go and use your cash first.
    Everyone has a scheme of getting rich.. Which never works.

  3. #3
    Moderator Rahul's Avatar
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    Quote Originally Posted by manak_001 View Post
    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.


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