After seeing so many review about the mnyl I thought I should also put mine’s.
Yeah the story is no different from others, I have a ulip plan called smart assure, before makes any comment I have to admit that I did not done much research before buying this and now I am paying the price for this, i am in around 25% in loss though I have paid all premiums, when I enquired about this, I got the same irritating reply -the allocation charges!!!!
Friends I am not here to promote anything but we should not believe any pvt. Insurance co., they are cheating the common man like anything, and adding to our worry is that all these firms are in heavy loss, they pay hefty packages to their agents and employ only to make fool of us and anybody who has invest in their products has left with an empty pocket. ULIP is very dangerous instrument, go for fix deposits.
So guys be very careful and do not trust anybody be it your near one or someone u know, who is trying to sell u these products.better go for firms like LIC, they have not a single case where money is lesser than invested in the same amount of time, be it ulip. Again I am reiterating that I am not promoting anything but just comparing.
This review will be worth if it save a one person from being cheated with these companies and man called insurance agents/adviser.