Hi Pankar Sir, I started paying premium in "New york Max Life Insurance - Growth Plan" in March 2008.Till now the invested amount is 43125/- and Current Fund value is ONLY 30578/- My doubts are :
Thanks Best regards Rocky asked Oct 01 '12 at 21:49 by Rocky 11●3●4 |
Unfortunately you have taken an ULIP plan for investment needs. ULIP plans are market linked and they may not provide you good returns in short term if markets are under performing. ULIP plans had huge load charges in initial years so invested amount is smaller than what you paid as premium.
answered Oct 05 '12 at 11:16 by Pankaj Batra 5.2k●3●20 Thanks Pankaj Sir, for clarifying the Difference between Investment and Insurance.
(Oct 05 '12 at 13:00)
Rocky
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