POSTED BY October 29, 2013 10:09 am COMMENTS (2)ON
My father had bought the insurance cum pension plan “Life Partner Plus Plan” from Max NewYork 5 years ago for a premium of app. Rs. 18000.00/- yearly for 20 yrs with my name ( sumit – 25 years) as nominee. The Sum assured is 3,00000.00/- & maturity time written in the policy document is at age 75.
They have given a chart of premium to be paid & money back of the policy. the money back will start after age 60. but all other benefits like annual bonus they have mentioned under the category non-guaranteed.
Now when I see this plan, it lack financial growth as suggested by all to one of fellow here, Navnit.
What should be my plan of action from here , since SV would be less. And now as I paid around 6 yearly installments. I am stuck up in between.