CAN I SHOW ULIP PLAN OF LIC AS PROOF OF FUND

[satinder1981]

HELLO

I HAVE A ULIP LIC POLICY. I CAN WITHDRAW MONEY FROM THAT POLICY ANYTIME. CAN I SHOW THIS AS PROOF OF FUND OR I NEED TO WITHDRAW MONEY AND SUBMIT IT IN BANK ACCOUNT?

 

[ankit_20]

Proabbly Not. What is the Lock in Period for the same

The money needs to be liquid, Cash and FD are what CHC expects.

 

[satinder1981]

lock period is 3 years which is just going to complete.