I read the reviews below and can add that I am one of those.
6 Years back, their ’advisor’ Mr Patwardhan came to us and told many positive things. We foolishly purchased the policy and now repenting.
Thankfully, since we had no experience, we went with the minimum amount 12k(still it’s a big amount)...they were expecting us to invest about 1-2 lac/yr...
after 6 yrs, I paid 72k(12k*6)...and my fund value is around 66 k.
Last year talked with the so called ’Advisor’ who was out of reach for many years, and now he could be reached as he wanted to sell one more product!!!
He said that we would have switched funds when markets were down, we could have saved our money...he (so called) told that he communicated to many ppl, but my phone was not reachable...all lies I know...
I called their customer service and came to know that if I surrender this time, I might lose some money, so better to continue at least for 5 yrs...
I have switched to preserver(lowest risk, low returns)
Now Its 7th yr/time, I have to pay...and I am confused what to do... Can I recover my loss by continuing for 3-4 years and switching funds?
Anyone knows, what is "Policy in holiday period"?