December 28, 2011 12:52 pm
how is classic assurance plan offered by hdfc
Pls guide me if HDFC Life Classic Assured Plus Plan is good to invest ?My main reason to pick this plan is ,it is giving almost 12% return .
Pls guide if it is good to invest?Main points which till date attracted me :
1.Covered under 80C & 10(10D).
2.Giving 12% return compare to less than 9% by PPF.
3.Directly deal with HDFC Sales guy.
4.Following new IRDA rules .
5.Only 2 year locking period .
6.I am already having pure term plan & also investing in MF .
7.Sales guy told that as we are directly dealing so there will not be any administration,maintenance or any other hidden charges .
Simple plan explained to me that I need to pay Rs. 1 lakh every year for 7 years and in 10th year from date of start of policy , I will get 16.5 lakh assured sum if I will pay my premium ontime till 7 years .
I want to know why I should not invest in this plan even though above points are promised to be given in written. Thanks in advance for your time .
I dont recommend it
Dear Purnima, Have you purchased this plan or are you planning to purchase it? Please clarify.
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