How to withdraw money from unit linked insurance plan

I have standard life insurance unit link policy having investment 12000 pa since from 2006, now required some money for my sons education. Please advise me how to withdraw money maximum amount without closing insurance. Please suggest?

Jun 30, 2017 by Nagappa, Bommanahalli  |   Life Insurance

You have not mentioned which is the unit linked insurance plan you have bought from HDFC Standard Life. Generally, you can draw partially or fully from 6th years onwards after paying minimum 5 annual premiums. As you have bought the policy in 2006 therefore, you should be able to draw partially from it.

However, you should contact HDFC Standard Life Insurance and know the exact terms of the ULIP plan that you have taken, before redeeming from the plan.

Thanks for writing to Advisorkhoj.

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