I took Metlife Multiplier ULIP policy in 2008. with annual premium of Rs. 24000/- ( 12k twice a year ) . Till now I have paid premium of rs 132000/-. The fund value is roughly around rs. 1, 28000/-. Now as I want to surrender this policy, I called up customer care execuitive who informed me that there wil be surrender charges of Rs. 12000/- plus service charges and I will around around Rs1, 15000/-. There is no surrender charges after 10th year. . This is huge loss for me.
Please, someone advise me if I need to continue this policy or not.