Did anyone hear about ING Vyasa Secured Insurance plan where I can Invest 1 Lac and get 8.5 Lac after 5 yrs?

POSTED BY akgc2 ON June 4, 2014 10:12 am COMMENTS (2)

Hi All

Today I got a call from one of the ING Vyasa executive proposing an Insurance scheme which says that if you invest 1 lac every year for next 5 years (Total Investment 5 Lacs) you will get more than 8.5 Lacs at the end of the term i.e. 5 Years which is guaranteed return.

Now this comes to be approx 18.5% annual rate of Interest which is highly impossible by any product in the market. I am trying to get the Policy documents from the company before I proceed. Just wanted to know have you heard of any such scheme from this bank.

Regards

Arun

2 replies on this article “Did anyone hear about ING Vyasa Secured Insurance plan where I can Invest 1 Lac and get 8.5 Lac after 5 yrs?”

  1. akgc2 says:
    June 4, 2014 at 3:53 pm

    As per policy document the maturity returns are
    1. Sum Assured
    2. 10% of SA as Guaranteed Addition.
    3. Vested Bonus if any (This is yearly bonus accumulated which is not guaranteed)

    I am sure the agents are selling this product mentioning the 10% guaranteed addition as yearly bonus which is not true.

    Just wanted to warn the investors that don’t get trap in the agent words and these type of fake policies.

    Regards
    Arun

    Reply
  2. Hemanth Chandra says:
    June 4, 2014 at 3:43 pm

    Do you really think this is true…. I don’t think so.

    It is really impossible for an insurance product.

    Let the policy documents come to you…. we shall discuss here….

    Reply

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