I am the person who is unfortunately holding this policy. I was stuck by AGENT(always wants ur loss and only his/her profit). This is my personal.......so personal advice to u that please don’t ever go through such type of policy. These are never in ur favour. Specially the person who just entered in professional life is desire/like to accept such type of policy and caught in the net of AGENT and their schemes. Senior person never suggest u to take/own such type of policy.
For Income Tex deduction purpose never....never...never go for such type of policy, coz u will be always in loss(One side u r saving 10% and another side u r paying more then 10%)
One thing more important that never go for any policy provided by agent, if interested then please contact directly with that firm who provides policy. coz there is a part of ur fund which goes to AGENT’s pocket every year. They never tell u hidden cost of policy and once u caught by them, then they will say "If I disclosed such thing u will never agree to buy this policy"(My Agent confessed this statement).
Be Alert.....discuss with ur friends, seniors or colleague about that policy before being stupid owner of such type of stupid policy.
Best of Luckkkkkkkk