I took a unit-linked insurance plan (Ulip) and have paid the premium for seven years. I am in need of funds. Should I make partial withdrawal or surrender the policy? - David Paul, Mumbai
To get the best advantage under Ulips, stay invested in the scheme through its tenure. If you need some money and have no other source, then you could consider partial or full withdrawal from this plan. As you have completed five years, the withdrawn amount will not reverse the benefits of income tax.
