I have personal experience of investing in private insurance and LIC. The private insurance companies are just here to eat money of investors and take upto 75% of charges when an investor comes to them. They are the biggest modern beggers in our country. If anyone like to invest go for LIC instead of these private insurance companies
RE:Say
by Pankaj on Apr 23, 2008 08:38 PM Permalink
INSURANCE ALLOCATION CHARGES FOR ULIP Plans like HDFC LIFE INSURANCE or KOTAK LIFE INSURANCE or AVIVA LIFE INSURANCE ARE upto 50% and they say while selling that its a 3 year plan and after three year they say that 70% will be deducted if you withdraw before 5 year. They only try to EAT Money of poor Investors of India.... ALL PRIVATE INSURANCE COMPANIES ARE FOREIGN BASED AND EATING MONEY OF INDIAN PEOPLE... Like Aviva, AIG, Prudential and so on....
