Ageas( IDBI) Federal Life Insurance policy

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This query is : Resolved

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A policyholder who took an Ageas Federal Life Insurance policy in 2013, paying premiums until 2018, is seeking advice on whether to close it now, wait until maturity, or follow the insurer's suggestion to invest in emerging funds. The current surrender value is estimated at 60% of the total deposit, while the proposed investment offers a potential 10x return on the sum assured. The general advice received is to wait until the policy's maturity.

chinu

chinu (Querist)

18 March 2025 I have taken Ageas( IDBI) Federal Life Insurance policy in 2013 and paid Rs 50,000 premium for 6 years till 2018. The Basic sum assured is Rs 2,76,000, Death sum assured is Rs 4,60,000 and the policy term was 15 years. According to Ageas Federal person, if I close it now I'll get only 60% of amount deposited. I got a call from Ageas Federal suggesting to invest in Ageas Federal Life Insurance fund by transferring money to the emerging funds which will get 10 times of Sum Assured with the available funds.
Should I wait till maturity, redeem it or do as they suggested? Please suggest.