Share Our Experience to You Please Read and Understand Carefully before pay
Our Premium was Rs.4855 yearly
It was 10 years Terms
We Paid 3 years (7 years could not pay due to financial problem)
Total payment = Rs. 14565/-
After 10 years
At the time of maturity Kotak branch say Maturity will be 9500/- Rupees .
Our Loss (Amount has been More than Rs. 5000/-)
Now the point is if we kept our money in any Bank, then our maturity return value will definitely higher than Rs.14565 /-
Now we understand we'll never doing life insurance policy.
It can happen with you also, If you failed to pay rest of the yearly amount, due to financial problem Then insurance company kicked you and take your Heard earned money. While Signing the agreement we thought we will easily pay 10 years but we even don't know when our bad time will come. It can happen with you too .
I think to utilise money in Bank or Invest on Gold or property is more knowledgeable rather to do loss or investment on life insurance policy.
The Value Rs. 14565/- wes more in the year of 2013
And just think what is the Value of Rs. 9500/- at the year of 2021
( in 2013 Gold price was Approx Rs. 29000/- per 10 Grm and 2021 it is approx Rs.47000/-)
Even Rise , Sugar, Tea , Every price increase almost Double from 2013-2021 . But year of 2013 invested 14565/- Rupees has been reduced to 9500/- ( Which has no value ) in 2021
It can happen with you also , to do a life insurance policy.
Now I'm thinking My life will not insured if i again invest on life insurance policy
I think to utilise money in Bank or Invest on Gold or property is more knowledgeable rather loss or investment on life insurance policy.
What Do you think Still you want to do life insurance policy because of accidentally death Benifit
"RUBBISH"
I know all the life insurance Agents have their families, they have to Run their family, that's why they will insist you to do a policy and they will try to best to understand you , But it is your duty where you will keep your heard earn money.
Even it is not sure we will get much more amount at the maturity time if we have paid 10 years Successfully (Full terms),
Because when I was their branch I noticed Some other Customers also very helpless with maturity amount with full terms of payment , They were not Happy for maturity value,
May be lakhs of customer has been fraud like us day by day, but they have no option from where they get solution,
Government should apply restrictions on this kind of terms and conditions policy where needy people's hard earned money has been invested
Better to keep my money at Bank for short term fixed in every year , with no Risk, no time bound begger terms and Conditions.
Return money greed is dengerous such for Life insurance policy ,
It is just a TRAP where we keep our money insecurely, bcz they never say exactly you will get that much money if you failed to pay full terms
While policy maturity we used to feel like a Begger,
I should let it know to the public that's why I'm writing all these things ,
If you found it is helpful Please Share it , I don't want people to keep their Hard earned money Unsafe
I'm Sharing Kotak policy picture Page below
One Star Option is necessary but why ?
