Wont go in details, just want to present a fact - I’ve invested Total 1.5 Lcs starting year 2006 till 2009 - Rs50, 000 each year,
After more than 5 years of investing , at present (may2011) my fund value stands 1.38 lacs !!! After more than 5 years of investment in a growth fund (ULIP plan) of Maxnewyork life I’ve lost 12K on my investment - How pathetic ...
All the charges by this company - fund allocation, mortality , administrative blah blah ... are more than others Company and it’s agents are making money at the cost of its customers...
Stay away from Maxnewyork