I am investing in Kotak Flexi Guarantee Growth Fund From 2005 with a premium of 15,000 yearly. From 2005-10 I find that market has seen the worst and Good but still I am unable to recover my investment yet.
When I look back it seems a big mistake I have taken but again one learns from mistake.
Yes one can also blame it to be a mis-selling. I was more fascinated by 80C deduction plus investment n then insurance.
My basic question is that:-
1. After servicing the 1-3 years where charges are levied on the customers heavy would it be correct now to quit or should I wait for Break even or till the maturity.
2. If I go for surrender what will be charges. Would it be nil as per the new guidelines of IRDA since I have serviced the lock-in-period.
Please don’t make a copy paste of the charges I have read lot of articles on the charges what IRDA has specified.
But confused whether these apply for products launched after 1 st September’10 or for all.