Hi,
SBI agent is behind me to sign up for Shubh Nivesh where I pay 100000 for 7 years and he is guaranteeing it to be at about 11lakhs. If I sign up for the retirement benefits out of it, I will get about 9.2k per month till my life time and same amount to my nominee (say my wife) till her life time and after we both the amount 11lakh goes to the third nominee, which may be my son/daughter.
Is this true? I do not have much knowledge on this, but this looks too good!
Please suggest if this is true and I can go for it.
Thanks,
Va-mana