Dear Customers,
I request you all to never take any policy especially ULIP policies from LIC. I have taken a ULIP policy and have been investing from 2 years mostly started when the market was reaching the new lows.
Even when the market has come back to its highs still the value of my investment is under loss. The agents dont give enough information on the policy.
They show a printout wherein there will be 20% returns expectations per annum which leads to a good value to your investment. But the agents miss to
inform the hidden part in it which is the high allocation charge and low death cover. Instead it is better to have ULIPs in private firms like the
Birla sunlife. For ex: My Birla Sunlife plan gives me a death cover of 6.45lakh for a premium of 15330 per annum for 15years and assured return of my premium or
the fund value whichever is higher. Whereas my LIC I am getting a death cover of 300000rs for a premium of 60000 per annum for 5years and on maturity I just
get the fund value(no assured returns itself).
Request you all to educate others on the same and help them in avoiding mistakes which I have made.