Hi,
I have invested on Plan LifeStage RP and ICICI Pru Guaranteed Savings Insurance Plan On Apr 2009 and Dec 2009 respectively. Agent was a relative, and he said that for LifeStage RP just pay premium for three years, otherwise will pay penalty.
Life Stage RP, is equity linked and at the time I got this product BSE Index was hovering at 12K and when I paid other two premium BSE Index was at 16K and 18K. In Month May 2012 I inquired about net value of this fund and I came to know that its 68K, please note that I paid three installment (Net Rs 75K). Today when market is at 21K, net worth is still 77K. My question is why a equity linked fund is not performing even if Index grown lot. Is we are meant to pay huge salary of fund manager.
Coming to 2nd Policy, ICICI Pru Guaranteed Savings Insurance Plan. This one still on, I do not know what is worth at present. Agent is saying will get min profit of about 13.5% compounding annually at the maturity but lot of forum says 6%. So in last three years I have paid 50,000*3 = 1.5L. Next premium to be paid on 22nd December. My question is should I surrender it? If yes how much I will get.
Its irony, lot of people say keep investment and insurance separate. I have one merged and one absolutely equity linked, still not performing. If any plan exist in market for benefit of Investor or all are same to loot.
Thanks,
Vivek
Policy Number:
LifeStage RP: 11788517
ICICI Pru Guaranteed Savings Insurance Plan: 14791406