#off Topic
Hi All,
Last year I bought ICiCI Prudential Wealth Protector plan with details -
Premium Plan Term - 7 yrs
Plan Term - 12 yrs
Annualized premium-144320 rs.
It's an ULIP plan.
Now, I don't want to pay next premium and hence I disabled Auto Debit option and I won't pay my next premium which will due by 23rd sept.
As per my knowledge, I will get my money back after 5 yrs which will be current fund value which abt 126k and 5-6k will be deducted from it as discountation charge.
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I would suggest you to confirm once again if the policy will give you any return if you stop paying from 2nd year. Most ulip plan force you to pay for 5 years.

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Yeh ulip waale bewakoof banaate hein, yeh lic policy bhi bekaar h , kuch nahi milta last mein

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Dont invest anything in icici products, they are big scams

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My questions are:-
What else I need to do apart from not paying my next premium ? Like do I need to inform them to stop ECS or just not paying premium will force the insurance to discontinuation mode?
Also, will I get saving interest rate on my rest amount (current fund value - Discontinuation Charge) till next 4 years?

Why are you stopping it?

Isnt it like the guaranteed monthly income plan, on which you pay X amount for 10 years and get some 1 lac per annum for next 25 years

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