I took, Flexiplan II ULIP 3 years back , the Agent said this is one of the best plan available in the market and did not informed me about the allocation and other charges.
Till now I paid Rs.50k but my ULIP value is only RS.35000. I cannot change the plan ( switching for first 3 years). the charges are so high that every month I am loosing 2 units. When I bought this policy the NAV was Rs.28.76 and now the NAV is Rs.32 . vertually no growth at all. Fund management is very poor.
The monthly fund management charges are also very high. Even I cannot stop paying the premium for 3 years otherwise the ULIP will be lapsed. Please do not buy any product from Kotak. they are not good at all.
sbj.