i have taken SBI INSURANCE PLAN -RP FOR 50,000/- P.A. IT IS A ULIP.
HOWEVER THE AGENT TOLD ME THAT IT IS A PENSION PLAN, WHERE I HAVE TO INVEST FOR 3 YEARS ONLY, AND THEN AFTER A TOTAL PERIOD OF 7 YEARS, I WILL BE GETTING A MONTHELY PENSION OF APPROX 6000/- P.M.
BUT WHEN I RECEIVED THE POLICY, NOTHING SORT OF THAT WAS MENTIONED IN IT. IT WAS A REGULAR PAYING PREMIUM PLAN FRO 20 YEARS AT RS 50 K PER ANNUM.
I WROTE TO SBI MAIN OFFICE BOMBAY, THE REPLY THAY GAVE WAS UNSATISFACTORY, THAT WHATEVER IS MWNTIONED IN POLICY THOSE BENEFITS WILL BE GIVEN
AND THEY ARE TAKING ACTION AGAINST THE AGENT AND CLOSING THE MATTER.
I HAVE AGAIN WRITTEN TO THEM FOR IT AND NOT RECEIVED ANY RESPONSE.
WHAT SHOULD I DO?
SHOULD I CONTINUE WITH THE POLICY OR ABANDON IT IMMEDIATELY OR AFTER 3 YEARS.
