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 .
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 .
http://www.hdfclife.com/savings-investment-plans/classicassure-plus
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.
Thanks
Ashal