Insurance plans or the investment plans from this insurance company are really good if u have a full understanding on them .But the agents or the advisors are bad because most of them are not selling by understanding the customer requirement.
They are only selling the products which yields them high commission whether the customer requires it or not. In this process they promise many things to customers which is really not a fact and they hide the charges from them. Insurance plans should be taken for life coverage only.
If u want to use it as an investment plans there r many plans available in Birla with lowest charges.
There are also plans where u can combine both insurance and investment and the charges for the insurance is same as the term plan.All the plans are flexible and also now plans come with an option to load minimum charges to the customer. Besides u get a tax benefit on your return under 10D which u dont get in FD or PPF. Investment plans also have DEBT funds which itself is giving u return of 12%. This is very safe because it will not be invested in Equities. Finance is very interesting and deep subject.
There are many ways to yield more money from the same money whatever u have invested in the investment plans.
BUT THE ONLY THING IS U SHOULD HAVE A GOOD ADVISOR .
If anybody wants more details mail it to me on urgrt_1012@rediffmail.com
Thank you