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