Widely read:
I bought ICICI Pru Elite Life II-RP Plan a year ago, assuming it is a mutual fund scheme. Can this be converted to my existing mutual fund scheme (ICICI Pru Value Discovery) or can I get a refund?
-Rajeev Ranjan
ICICI Pru Elite Life is a unit linked insurance policy. Unfortunately, there is no such option of converting your ULIP to a mutual fund scheme. Though you will incur a loss, it is still wise to surrender your policy. You can do so now and take the fund value after the lock-in period of 5 years.
This article was originally published on September 21, 2016.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
For grievances: [email protected]
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
