I had invested Rs 15 lakh in LIC Market Plus in June 2009. My policy has completed 3 years now. I want to know if I should stay invested for now, if the Sensex is expected to go up by 500 – 1,000 points in the next 1 or 2 months.
-Shiv Kumar
You should carefully study your policy document. It is compulsory to keep investing in the older ULIPs for the first 3 years, and the surrender charges are high between 3 to 5 years. So, make sure of these things before you redeem your money. Since you had invested in 2009, your investments would have increased in value by now. However, the chances of the markets going up substantially in the near future are low. The rise that we have seen recently should be considered as a consolation. Hence, if you don’t want to stay invested for a long time, this would be a good time to redeem.
This article was originally published on July 13, 2012.
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