POSTED BY April 7, 2014 10:20 pm COMMENTS (3)ON
Of late, I started reading on investments and found myself trapped, as were many others, either due to negligence or lack of knowledge. I invested in ‘ICICI Pru Pinnacle II’ in 2011 with the following attributes.
SA – Rs. 500,000/-
Premium – Rs. 50,000/-
Premium Paying Term – 5 years
Maturity – 10 years
‘ICICI Pru Pinnacle II’ claims to give returns based on the highest NAV recorded at any time during the 7 years, instead of that based on the final NAV.
Do they really keep up to their terms as stated OR is there any hidden clause that goes makes it a usual ULIP?
What percentage can I expect at maturity?