The Tata AIG Advisor was a friend so I trusted he will give me a good scheme. But the money back policy is really a useless scheme. After shelling out Rs.17524/- annually for 21 years and every three years you get 10% of the sum assured (5 times) you will get your savings returned to you in peanuts!! Just 3 lakhs. Your net investment is 268004/-(after deducing the money returned to you )and you earn just about 40, 000/-(which is a minus return!!!)and your money is blocked for TWENTYONE YEARS!!! What a friend and what a scheme!!!
Hasn’t TATA AIG heard about unit linked investments. My policy has the option to change the plan and I have been trying to have it changed since the last 10 months and everytime I contact Customer Care they keep shuttling my request from Mumbai to Bangalore. Mumbai passes the buck to Bangalore and back and forth like a football!!! The service and their schemes stink BIG TIME.