I took Pinnacle Super Guaranteed NAV Fund B policy last week. I was told, if I join, I will get 16% growth. It is really a cheating policy. The 16% is not annual growth, it is 10 years growth. The agent projected me what I will get after 10 years. But it is all wrong calculations.
The % growth is not on the premium amount, rather than on the fund value.
The projected guaranteed growth is not annual, it is 10 years, which means less than 1% annual
There are additional hidden charges, which they charges every month.
For example, if one invests 1L for 5 years, the minimum guaranteed amount could be around 5.5L. So why you need to invest which doesn’t guarantee at least 1% annual growth.
You have time to cancel the policy within the free look up period. I have already started the process. The free look up period starts from the date of receiving the policy to 15 days.
So beware of this Pinnacle Super Guaranteed NAV Fund B.