Putting a question on behalf of a reader Saurabh .
Dear Manish,
Hi,
A latest plan has been launched by TATA AIG with the name of Plus Supreme.
The agent is selling by claiming the following:
1. The minimum one time deposit shall be Rs.48,000
2. The lock in shall be 5 years
3. And the Guaranteed Return of Double the amount paid in 5 years which is if I invest 50,000, after 5 years I’ll get Rs.1,10,000 for sure.
Can you please give me your advise, on what ever he is claiming is true and should I go for this?