विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं

Ans: It is good that you are reviewing your investment before paying the seventh premium. Many investors continue such policies without evaluating whether they are helping them achieve their financial goals. Since you are reviewing it now, you still have an opportunity to make an informed decision.

» Review Your Current Position

You have been paying an annual premium of around Rs.99,000.
You have already completed 6 premium payments.
The 7th premium is now due.
You are concerned that the returns are lower than expected and are considering surrendering the policy.

» Should You Continue Or Surrender?

Since this is an investment-cum-insurance policy and you have mentioned that the returns are disappointing, I would suggest evaluating surrendering the policy rather than continuing just because you have already paid for six years.
The decision should be based on what is financially beneficial from today onwards, not on the money already invested.
Before taking the final step, obtain the latest surrender value and fund value from the insurer.

» Check These Details First

Ask the insurance company for:
Current fund value.
Current surrender value.
Any surrender charges, if applicable.
Whether there will be any loss of benefits after surrender.
Once you have these figures, compare the expected future benefits with the additional premium of Rs.99,000 that you would have to pay.

» If You Decide To Surrender

If the surrender value is reasonable and the policy no longer meets your financial goals, surrendering can be a practical decision.
Instead of continuing with an investment-cum-insurance policy, keep your insurance and investments separate.
Invest the future annual savings in well-managed actively managed mutual funds based on your goals and risk profile.
Actively managed mutual funds offer professional fund management, greater transparency and better flexibility for long-term wealth creation.

» Review Your Insurance Cover

Before surrendering, ensure that you have adequate life insurance through a pure term insurance plan if your family depends on your income.
Investments and insurance should serve different purposes. Combining them often leads to compromises in both protection and returns.

» Think About Your Financial Goals

Decide what this money is meant for—retirement, children's education, wealth creation or another goal.
Once your goal is clear, choose investments that match the time horizon and your risk appetite.
Review your portfolio once a year and increase investments whenever your income increases.

» Finally

Based on the details you have shared, I would not continue paying the 7th premium without first reviewing the surrender value and expected future benefits.
If the policy is not delivering the value you expected, surrendering it and redirecting future investments into suitable actively managed mutual funds can be a better long-term strategy.
Request the exact surrender value from the insurer before making the final decision, so you can proceed with complete clarity.

Best Regards,

K. Ramalingam, MBA, CFP,

AMFI-Registered MFD – ARN 4188

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/