I bought this policy back in December 2009 when marker is not at very high and paid all the 1.5 lakhs premium by 1st January 2012 with a hope that I will get a good return when market will start performing. Now it is October 2013 and investment is going to complete 4 years in another 2 months of time and still my fund value does not reach 1.5 lakhs which is my initial investment.
These peoples says choose for a fixed portfolio strategy, keep invested and you will get big Ladoo if you stay invested. I am really afraid the way the fund is performing in such a good market whether I will really reach my initial investment which I have done in December 2009 in next 1 year also. If I could have kept this amount in fixed deposit may be as on today my returns are more than investing in this trapped policy. From now on only God need to help me to get my money back with at least 10% return.
Moral of the story: Do not believe these cheaters... Go for traditional term plans for insurance and keep your money in some better avenue for investment,
Thanks,
Rajesh.