POSTED BY April 29, 2014 8:22 pm COMMENTS (2)
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As per this illustration, the agent claims, Maturity guaranteed returns + Surrender Guaranteed returns + any Surrender non guaranteed returns. Is it true?
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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
Endowment policies give only 4% – 6% return
Better get pure term plan and invest in equity mutual funds + PPF to grow your money