Bajaj Allianz Life Insurance's IGain - Now I want to stop premium payment?

[SushantJindal]

I have bought Bajaj Allianz Life Insurance's IGain Plan and have paid premiums for three years. Now I want to stop premium payment. Will they charge motality charges from now as I want to keep it as an investment only or should I take my money out and invest in the mutual fund.

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[Vivek]

Bajaj Allianz Life Insurance's IGain Plan - Partial withdrawals allowed anytime after five years from the commencement of the policy.

[ReVoLuTiOn]

Any specific reason for stopping the premium payment? ULIPs are long term plans and they invest in the equities for long term, in three-four years you won't get the returns, if you compare it with MFs. As mentioned by Vivek wait for 5 years before do anything with this plan.