Maturity Benefits of SBI Shubh Nivesh – Has agent given right info ?

POSTED BY sudhix ON April 29, 2014 8:22 pm COMMENTS (2)

http://oi57.tinypic.com/jjpkxg.jpg

As per this illustration, the agent claims, Maturity guaranteed returns + Surrender Guaranteed returns + any Surrender non guaranteed returns. Is it true?

2 replies on this article “Maturity Benefits of SBI Shubh Nivesh – Has agent given right info ?”

  1. ashalanshu says:

    Dear Sudhix, had you paid 3.09L Rs. as single prem. and sum assured for death is 3.5L Rs?

    The bad news is – maturity amount is taxable if I have read the prem. and sum assured figure correctly. Surrender is also taxable.

    Thanks

    Ashal

  2. rockingguy says:

    Endowment policies give only 4% – 6% return

    Better get pure term plan and invest in equity mutual funds + PPF to grow your money

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