I have similar experience - When I was offered HDFC Yongstar plan, I was told some great stories. I started investment from 2006 half yearly 10, 000/- i.e. 20k per anum.
Now after all these 9 years - where I invested 1 lakh 60, 000/- the value of the policy is 1.48lakhs. And the executive to whom I spoke is explaining how the NAVs will work and how the sharemarket works.
When A customer is given a Policy - does he invest so that the fund manager can enjoy with his money and the bank flourishes while at the end of the tenure the of policy the customer gets exactly same amount or less than what he invested?
Why the Fund Managers are paid so hefty?
I seriously want to take action. Can anyone help me plz?