Dear All
This is for general information to all concerned why you should never invest in Bajaj Allianz or ICICI Prudential or similar fraud companies in Insurance sector.
My own experience has been very bad with them. I invested an amount of rs. 1 lakh over a period of four years only to find that its fund value at the end of four years was 80000/- only. By now I had become wise after loosing valuable money and so decided to withdraw, still they cut some %age. However, i must compliment ICICI that on surrender of documents money was credited to my account within 3 days.
It has been said that wise men learn from mistakes of other, so be wise from my experience and desist from investing in such insurance companies, by whatever name and allurement they may attract you, never rely on them.
Advice: If you are earning you will surely get life insurance, best is to purchase a term insurance plan from LIC or SBI and no other fin. institution and deposit the remaining amount which any other Life insurance scheme would have demanded form you in PPF account. At he end of 10 years period you will surely gain double of what you would have gained in any other scheme. So Money Wise be WISE. Thanks.
