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CanaraHSBCOriental insurance pension plan-I – Suggestion please

Asked by: 2028 views Product-Related

Hi,

This is one investment plan I could not understand and my husband did it by mistake (most common mistake done due to obligation).

1. applied as a Debt fund (2 years ago) 2. huge amount of 10,000 inr p.m 3. Handling charges are too much (eat out most part of the investment)

Need to know how to stop this with minimal impact. As being a regular read of Jago investor I know that this investment is worse in my(our) portfolio. How do I get this undone?

Thanks Archana

1 Answers



  1. MoneySavingsHelp on Oct 12, 2010

    You can refund the policy bond & get all your money back within 15 days (free-look period) of getting policy bond. If that period is over, just stop making the premium after 1 year and surrender your policy after 5 years. Till 5 years, there are surrender charges in this policy till 5 years.

    Hope it will help you.
    InvestmentKit.com

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