To continue or stop ? (Max Life Life Gain Plus 20 Participating Plan)

POSTED BY bcshekhar ON December 6, 2014 7:30 pm NO COMMENTS

Guys,

I want to thank you first for the superlative advice you provide. For some who gets cold feet just in the name of investing, I find your advice practical, simple and directly useful.

A few years ago, I had to pick up a policy while looking for a bank locker (reality bites!). The policy is ‘Max Life Life Gain Plus 20 Participating Plan’

I’ve paid a total of 4 premiums – Aug-11, Aug-12, Aug-13, Aug-14. There are two more premiums to go.

My question is simple. Is there a nice and clean way to exit this with minimal losses ? From whatever I could understand of the product reviews, this policy is useless and returns are lower than an FD – terminal illness rider is practically the only silver lining.

And while we are at this, another related question. I started investing 2 lacs/annum in ‘Max  Life Maxis Super’ since this July, hoping to create a ‘safe pot’ for the long run. Not able to find much in terms of reviews. Any thoughts on this please ?

With Regards,

Shekhar

 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today