POSTED BY June 12, 2012 7:27 pm ONE COMMENT
ONHello All,
I came across this product from IDBI, it seems the product is guarenteed.
I believe if you pay a Premium of 100000 for ten years you will get a guarenteed return of 9% on this.
Has someone come across this product?
The product is called “Incomesurance”
2021 © Jagoinvestor.com All Right Reserved
Dear Rohit, please do not fool yourself. Please check the below link –
http://www.idbifederal.com/Products/Incomesurance/Pages/What-is-Incomesurance.aspx
It’s clearly written that a minimum return value is gtd. which ‘ll depend upon your prem. payment & the term of policy as well as pay out option chosen by you. No where the company is offering such high return guarantee.
Thanks
Ashal