How many days will it take to get amount if we go with online ulip surrendering after 5 years locking period? Can you please comment on this as you mentioned you recently surrendered yours?
Great information sir👌👌 I had an ULIP policy of PNB Metlife for which I paid only the 1st year premium in year 2009 after which I never paid any premium. Please advise if I am eligible to get any money back if I surrender my policy now 🙏
Sir, I had a HDFC life policy (ulip) plan wherein I paid premium of 1lac per year for two years and after that I could not pay as I had some issues with my job during covid. Now 5years are over and in Dec 2023 the company has said that I can withdraw my money. However i have not discontinued the policy by written application (though I have not paid more than 2 premium). Can I now surrender my policy and how much do I expect to get and when
I have a ULIP base Pension plan (icici pru life pension plan) for more then 5+ years and I was told that surrendering value will be fully taxable in my hands. Kindly confirm about this.
Just now i check from MAX Life ULIP i was getting in Minus interest value after 7 Years. which is total SCAM next week I will surrender my ULIP. I had one more in HDFC still I have one year locking period i will close that also waste of time and money
My aditya birla company is saying after 2 and half year of 5500 for month payment of almost 2lac, i have paid they are saying that I will get only 40 to 50 k rest is charged
Sir After 5 years, if i m not surrender and i discontinue the premium then , Will fund performing as usual or Will fund moved to discontinue fund Is there any fine for discontinue?
Good morning sir जी। मेरे पास LIC का Endowment plan है । इसके अलावा Post office का Postal life insurance (PLI) है। इसे Surrender/PAUSE करने के बारे में बताइए।
SO INFORMATIVE SIR 🙏. I HAD A ULIP POLICY OF HDFC(HDFC life proGrowth plus) AND IT'S LOCKING PERIOD IS 05-09-2023. IS THERE ANY WAY TO WITHRAW SOME AMOUNT BEFORE LOCKING PERIOD.?
Sir maine (HDFC SL ProGrowth Plus) 50k ki ek installment di hai uske baad kisi wjh se continue nhi pr paya ab jo wo policy hai wo discontinue ho gyi hai. toh mujhe iske baare me kuch bta skte hai ki aage mujhe kya krna chahiye
I have completed 5 years of ULIP, but paying term is 10 yrs, but I am don't want to pay further premium ,but I don't want to surrender . So, my fund goes to discontinue fund or not?
I have paid for four premiums in sbi life retire smart .now i dont want to pay anymore is it bestter to surrender or discontinue and make itas paid up policy ihave only one more premiums to pay
Hi sir, i have a query regarding my fathers ulip plan, which he bought in jun 2010 for premium paying term of 15 years. He pays annual premium of 50k. Now he want to surrender after 13 years of paying premium. Do he require to pay taxes on surrender value. And will insurance company deduct some tax from his fund value. Pls note that my father is retired govt employee and pay tax on pensions. Appreciate your quick response
Great information. I have an ULIP policy of HDFC life Click 2 Invest for which I paid only the 6th year premium in year 2018 to 2022 after which I want surrender the policy. Please advise if I am eligible to get any money back if I surrender my policy now and what will be the tax implications?
Can someone answer, when I surrender after 5 years for a 15yr term, do I get the current net asset value? For example, 5 lakhs invested are now 9 lakhs, so do I get 9 lakhs minus whatever the fund value and other charges?
They will check min. Surrender value or total fund value whichever amount is higher, you will get that. But in most cases surrender value is lesser than fund value.
Sir maine hdfc click 2 wealth plan liya h. Mera 10 yrs ka policy tha but is month 5 yr ho gye. Kya mai surrender kr sakta hu. Aur uske baad fir se fund ko continue kr sakta hu?. Mera 3000 ka premium h jo per month auto debit ho jata h. Pls suggest me sir 🙏
Sir I want to surrender my HDFC Life Click2Invest ULIP and I have completed my five years, please how to apply this online to claim my money in my bank account
HDFC Life is the worst company, Branch manager of HDFC back cheated me and sold policy. He commited that ULIP has 4% profit per month and i asked for 20k premium but he said i am with u and next premium he will pay and given me policy of 1Lac premium and he joined Axis bank and not given single rupee. Later i came to know that on my 1 Lac he got 30k commission.
I have ICICI Elite wealth plus ULIP and I just finished 5 yrs of lock-in period. I wish to surrender the policy as I am not happy with the returns as well as in need of funds. I was told it can be done online and there isnt any need to visit the insurance office. I am clueless about doing the same online because when I requested it online by logging in, I did make the surrender request but there wasnt any mail or any message about the action taken. Now it says policy discontinued as the premium for the 61st month I have not paid neither I wish to pay. I am working overseas (Europe), please guide me how to pursue the surrender of policy (ULIP)
Hello sir, I have hdfc pro growth ulip policy. Maine December 2018 ko start kari thi.. maine 5 premium pay kr di hai… jaisa aapne bola 5 saal k baad surrender kr skte hai toh kya 5 premium dene k baad kar skte hai ya fir mujhe 5 saal december 2023 pe complete hoga aur usk baad karu surrender…
@@DeepakKumar-ju4vv mat kariye...long term me benifit hota hai.. Bus ap bicb me withdraw ni kar paoge. Meri Bajaj alliance ki ulip 20% return rate de rhi h
Not expecting such misleading and half truth information.. why we have not shared that incase of death of person what family will get only fund value. Insurance is social security tool. I am not supporting any instrument. My intention to give complete info like true F. Planner. Rest information is correct and thanks for sharing the details..I am writing coz I admire you.
Pension plans are not tax friendly When you surrender, the money you receive is taxable. If you continue the policy till vesting date, the accumulated value on that date becomes the corpus for annuity plan. Some pension plans offer some withdrawal option. The annuity you get is also fully taxable, it gets added to your taxable income.
Thank You sir very helpful video
Very Informative video sir ji...
Please Make a video on Surrender PLI & ENDOWMENT Policy.
Can we surrender ULIP policy during lockin period ?if yes , please how can we? Please reply its important
I can surrender After 5 premiums or 5 years? Please clarify Sir!
After 5 years when i will get the amount. Will it be without any charges other than discontinuamce charges
How many days will it take to get amount if we go with online ulip surrendering after 5 years locking period? Can you please comment on this as you mentioned you recently surrendered yours?
Your explained it very well
Great information sir👌👌 I had an ULIP policy of PNB Metlife for which I paid only the 1st year premium in year 2009 after which I never paid any premium. Please advise if I am eligible to get any money back if I surrender my policy now 🙏
Sir, I had a HDFC life policy (ulip) plan wherein I paid premium of 1lac per year for two years and after that I could not pay as I had some issues with my job during covid. Now 5years are over and in Dec 2023 the company has said that I can withdraw my money. However i have not discontinued the policy by written application (though I have not paid more than 2 premium). Can I now surrender my policy and how much do I expect to get and when
Thanks for this great informative video Gaurav brother 👍👌👏👏
Sir agar single premium paid hoga to bhi nahi milega 5 year se pehle
I have a ULIP base Pension plan (icici pru life pension plan) for more then 5+ years and I was told that surrendering value will be fully taxable in my hands. Kindly confirm about this.
Sir make video on surrender enforcement policy
Sir,i have invested in Ulip plan.Paid 3 premium.i.s 3 lac..will i get any benefit or not.
Sir surrender ke kiye kya documents
Just now i check from MAX Life ULIP i was getting in Minus interest value after 7 Years. which is total SCAM next week I will surrender my ULIP. I had one more in HDFC still I have one year locking period i will close that also waste of time and money
Very Helpful. Thank you
My aditya birla company is saying after 2 and half year of 5500 for month payment of almost 2lac, i have paid they are saying that I will get only 40 to 50 k rest is charged
Sir
After 5 years, if i m not surrender and i discontinue the premium then ,
Will fund performing as usual or
Will fund moved to discontinue fund
Is there any fine for discontinue?
Good morning sir जी।
मेरे पास LIC का Endowment plan है ।
इसके अलावा Post office का Postal life insurance (PLI) है। इसे Surrender/PAUSE करने के बारे में बताइए।
Nice information.🙏
Si hdfc me maine 3 yr 32000, ka primium diya hai, 2 sal pending hai, abhi mai kya kar sakta hoo, taki mera paisa bach jai
SO INFORMATIVE SIR 🙏. I HAD A ULIP POLICY OF HDFC(HDFC life proGrowth plus) AND IT'S LOCKING PERIOD IS 05-09-2023. IS THERE ANY WAY TO WITHRAW SOME AMOUNT BEFORE LOCKING PERIOD.?
Sir my policy is lapsed as I didn't pay the premium. Can I request for discontinuation of policy and redeem when 5 years is completed?
I crossed 5 years on my UTI ULIP but they are saying 2% exit load will be applicable while surrender
Sir maine (HDFC SL ProGrowth Plus) 50k ki ek installment di hai uske baad kisi wjh se continue nhi pr paya ab jo wo policy hai wo discontinue ho gyi hai. toh mujhe iske baare me kuch bta skte hai ki aage mujhe kya krna chahiye
Do we have to pay tax on total money which we get after surrender ULIP completing 5 years Lockin?
डिअर सर मैने 6.5 years के बाद surender किया ऊस समय 1.30 pm valve थी और 6500 कम करके जमा कीय मैने पूछा तो gst चार्जेस कट किये है
I have completed 5 years of ULIP, but paying term is 10 yrs, but I am don't want to pay further premium ,but I don't want to surrender .
So, my fund goes to discontinue fund or not?
I have paid for four premiums in sbi life retire smart .now i dont want to pay anymore is it bestter to surrender or discontinue and make itas paid up policy ihave only one more premiums to pay
Hi sir, i have a query regarding my fathers ulip plan, which he bought in jun 2010 for premium paying term of 15 years. He pays annual premium of 50k. Now he want to surrender after 13 years of paying premium. Do he require to pay taxes on surrender value. And will insurance company deduct some tax from his fund value. Pls note that my father is retired govt employee and pay tax on pensions. Appreciate your quick response
I have a similar query,hope he answers.
Great information.
I have an ULIP policy of HDFC life Click 2 Invest for which I paid only the 6th year premium in year 2018 to 2022 after which I want surrender the policy. Please advise if I am eligible to get any money back if I surrender my policy now and what will be the tax implications?
hello bro, why u want to surrender this policy, i was planning to buy this. Can u plz help ? Is it bad?
Sir meri policy discontinue ho gai hai par us par approximate 8% kaam kar diya
Kya 5 saal ke baad surendar karne tax benefits milenge ya nahi sir
Can someone answer, when I surrender after 5 years for a 15yr term, do I get the current net asset value? For example, 5 lakhs invested are now 9 lakhs, so do I get 9 lakhs minus whatever the fund value and other charges?
They will check min. Surrender value or total fund value whichever amount is higher, you will get that.
But in most cases surrender value is lesser than fund value.
Nice explanation Sir !!
Please give the example about premium skip charges.
I pay only 2 year ulip policy what I can surrender ofter 5 year
Discontinued value will also include the mortality gst and other charges too?
No mortality charges,no GST only FMC will be there
Sir maine hdfc click 2 wealth plan liya h. Mera 10 yrs ka policy tha but is month 5 yr ho gye. Kya mai surrender kr sakta hu. Aur uske baad fir se fund ko continue kr sakta hu?. Mera 3000 ka premium h jo per month auto debit ho jata h. Pls suggest me sir 🙏
@@Anayachaursiya fund value kitna hua hai
2.5 lakh pa one time diya to kya discountbustion karne par charge
sir so informative thanks
Thanks ...Sir
Thanks 🙏
Very informative
Sir, TataAIA allows online surrender?
Sir info edge ka result analysis kro yeh exceptional item ko explain krna plsss
Sir procedure of cancellation of ULIP of Tata AIA
Sir mera 1 lakh hai ULIP ka. ek saal me 2227 aaraha hai. Pura paise nikalne aata hai kya? Batao sir
Sir I want to surrender my HDFC Life Click2Invest ULIP and I have completed my five years, please how to apply this online to claim my money in my bank account
hello bro, why u want to surrender this policy, i was planning to buy this. Can u plz help ? Is it bad?
Very useful
I want to be reassure about the fact that unlike the other endowment plans don't we have to pay 3 annual premiums in case of ulips ?
I also discontinued my ULIP plan after 2 years
HDFC Life is the worst company, Branch manager of HDFC back cheated me and sold policy. He commited that ULIP has 4% profit per month and i asked for 20k premium but he said i am with u and next premium he will pay and given me policy of 1Lac premium and he joined Axis bank and not given single rupee. Later i came to know that on my 1 Lac he got 30k commission.
I have ICICI Elite wealth plus ULIP and I just finished 5 yrs of lock-in period. I wish to surrender the policy as I am not happy with the returns as well as in need of funds. I was told it can be done online and there isnt any need to visit the insurance office. I am clueless about doing the same online because when I requested it online by logging in, I did make the surrender request but there wasnt any mail or any message about the action taken. Now it says policy discontinued as the premium for the 61st month I have not paid neither I wish to pay. I am working overseas (Europe), please guide me how to pursue the surrender of policy (ULIP)
did you get money?
Sir, instead of discontinue you should tell them to "make the policy fully paid up". If u do so then they won't cancel the policy. - Ankur Shah
Useful video
Jai Hind Sir 🙏
Hello sir,
I have hdfc pro growth ulip policy. Maine December 2018 ko start kari thi.. maine 5 premium pay kr di hai… jaisa aapne bola 5 saal k baad surrender kr skte hai toh kya 5 premium dene k baad kar skte hai ya fir mujhe 5 saal december 2023 pe complete hoga aur usk baad karu surrender…
After dec 23
Hello sir I started my premium in 2019 and I paid three premiums of one lakh and then I stopped. Can I get my 3 lakh back after 5 years.?
Yes after 5 yrs you will get back but you should try to pay for 2 more years
Sir hume to sbi life ne 1 lac k 74 thousands diye h ulip m
Lokesh,gc
Very helpful video but ULIP is a very poor plan. Main bekar mein fass gaya 4 lakh p.a. ka ULIP kar liya thha.
Me bhi usko surrender nhi kr skte kya
U can save in gauranteed plan
मैं भी फस गया हू भाई
Mujhe 7 din hua h ulip plan liye hue , m ulip close karna chata hu, kaise kar sakte h close. Agent n proper information nhi Diya tha please help.
@@DeepakKumar-ju4vv mat kariye...long term me benifit hota hai.. Bus ap bicb me withdraw ni kar paoge. Meri Bajaj alliance ki ulip 20% return rate de rhi h
Better to discontinue and buy zero charges online Ulip policy
Mera 2 saal ka hai mujhe surender karna hai
What is the tax implication of this exit?
No impact on premium paid
Not expecting such misleading and half truth information.. why we have not shared that incase of death of person what family will get only fund value. Insurance is social security tool. I am not supporting any instrument. My intention to give complete info like true F. Planner. Rest information is correct and thanks for sharing the details..I am writing coz I admire you.
Valentine agya bhai ab tak republic p lge ho
ULIP now a days very good investment plan. EEE category (max 2.5 Lakh / year investment )
Fund switching
Mmninc
Ye bat to galat hai 5 sal ke bad hi milega
It's a IRDAI rule we can't change
Fraud man... Timepass full timepass..😂😂
ULIP is worst
Bahut zaroori video 😂
This guy is fraud
Very useful😊👍
Pension plans are not tax friendly
When you surrender, the money you receive is taxable.
If you continue the policy till vesting date, the accumulated value on that date becomes the corpus for annuity plan. Some pension plans offer some withdrawal option.
The annuity you get is also fully taxable, it gets added to your taxable income.