I took ICICI Prudential Life Time Maxia which was claiming to give me maximum fund value
of the lifetime of the fund. I paid their premiums of 24000 from 2008-2010 after that I stopped paying the premium (what they call premium holiday), I wanted to surrender the policy, but they take some 10% service charge if I withdraw before 5 years lock-in period .
I was shocked on seeing currently fund value total surrender value of the policy is 73000 after paying 24000*3= 72000 as premium. I gained 1000 rs interest after keeping my money for 5 years. I should have kept it in my SB account which could have given me better return.