Bajaj allianz unit gain problem?

i started this policy in 2005 march by investing 10000 so i paid 10000 every yr till date now there is exit period i can exit as its 3rd yr over but after 3yrs they are saying i will get 30100 total reason market is bad. means i got 100 rs for 3 yrs of investment please advice and help

Dear,

These insurance policies are not good for investors. They cut too much charges in first 3-4 years. Insurance is not for investment. I feel sorry that these insurance missellers adviced you to buy this policy for their profit & you invested that product by trusting on that agent without reading the policy fineprint.

Now as you have already bought a policy & have paid the initial charges, I will advice you to continue the policy for full policy period, if you do not need the money. The reason behind it is that initial charges in these policies are very high & these charges decrease from 4th year onword. So now you will not get affected by the charges too much. Do not believe me but read policy document & take take a informend decision.

Due to this issue with ULIPs, I like to invest in Mutual fund & have insured myself with Term insurance.

The market is not too bad to give u just 100 on a 10000*3 investment.

Ask your agent how much were they deducting as charges everytime u paid a premium. I am sure they were taking out atleast a 40% from your yearly premium as charges. U have been duped with one of those filthy policies which agents sell as they get maximum commission on them.

YEAH ASK him