I brought a AXA Saving and investment plan and have invested $8000 till now. Currently the total figure is around 11k. Should i sell it or cont to pay monthly contribution ?

Hi anon,

Given that you have a value on the policy, and that it is more than your premiums paid, I am inclined to believe that it is an investment policy with bonus startup units. (Most savings plans do not break even until much later).

Whether or not to sell it (which can't be done if it is not an endowment) or continue, will depend on various factors. If it an investment linked policy, then you will likely have no or a low surrender value, despite your current valuation (this is due to early encashment penalties). You need to consider the plan's suitability for yourself, taking into account your objectives, budget, goals, other financial obligations, etc. Due to the general nature of your question, I can only speak in board terms; you might want to sit down with an advisor to analyze your situation in an more detailed fashion.

What kind of policy is it?

if it is an investment policy some may come with surrender / withdrawal charges upon cancellation of the policy even though it shows positive returns. look out for the minimum investment period of your plan if any.

On the other hand, if it is an endowment policy, paying on a monthly basis usually incurs like 3% extra which Id discourage unless you have those credit cards that offset the amount. the extra 3% doesn't count toward the overall value of your policy too.​​​