Hi all,

This is to circulate the poor performance of LIC's Profit Plus Growth Fund. I have taken a life insurance policy in my wife's name by paying an annual premium of Rs. 20,000/- on Sep-2008. The time I taken the policy, BSE was in the range of 13-14K. In 2009 again I paid my 2nd installment of another 20,000/-. So I'm having a total investment of Rs 40,000/-They allotted 3,396.37 units all together. The unit value as on date is Rs 7.6627/- means the value of my 40,000/- is only Rs 26,025/-

The fund management of Profit Plus is very poorThe entry charges is 40-45% which is not fareLIC agent was telling 20% return guaranteedHere in my case I face big loss.I cant stop making payment of premium as I will loose the entire premium paid

Please circulate this so that others will not be the victim of state owned LIC's cheating.....