I invested Rs.12 lakh in ICICI Prudential Life insurance 10yrs back in Policies linked to Units the last market Valuation After 10 Yrs is Rs.7 laks these type of Compaies give Rosy Pictures of returns & then Deduct from our fund under different heads like Finance Management Charges so they Earn even if We do not earn they do not care for Customer's finane Appriciation Now at the age of retirement I am searching options for earning because my heard eared Money is washed away Moreover They asked me to take critical Illness Rider for which they deduct extra Rs8,000 p.a. when I had Angiplasty Operation & Second time when I met with big Road Accident & got Oerated I approced them the Officer who told me You are Alive & there is No big Permennat defect so You are not Eligible for any claim I went to the Co's Tadiwalla Road Pune with written Application for rwemoval of this rider from my Policy The officer on the desk told me I can not Remove it & so did not accepted my application I sent by Mail To The Co Rcd simle reply we will look in to the matter & mattere is close for Year then after No reply or acknoledgement also from the Co for this case So I rquest People not get attracted to This type of articales Property investment is safe fro long termm secure investment
I invested Rs.12 lakh in ICICI Prudential Life insurance 10yrs back in Policies linked to Units the last market Valuation After 10 Yrs is Rs.7 laks these type of Compaies give Rosy Pictures of returns & then Deduct from our fund under different heads like Finance Management Charges so they Earn even if We do not earn they do not care for Customer's finane Appriciation Now at the age of retirement I am searching options for earning because my heard eared Money is washed away Moreover They asked me to take critical Illness Rider for which they deduct extra Rs8,000 p.a. when I had Angiplasty Operation & Second time when I met with big Road Accident & got Oerated I approced them the Officer who told me You are Alive & there is No big Permennat defect so You are not Eligible for any claim I went to the Co's Tadiwalla Road Pune with written Application for rwemoval of this rider from my Policy The officer on the desk told me I can not Remove it & so did not accepted my application I sent by Mail To The Co Rcd simle reply we will look in to the matter & mattere is close for Year then after No reply or acknoledgement also from the Co for this case So I rquest People not get attracted to This type of articales Property investment is safe fro long termm secure investment
I invested Rs.12 lakh in ICICI Prudential Life insurance 10yrs back in Policies linked to Units the last market Valuation After 10 Yrs is Rs.7 laks these type of Compaies give Rosy Pictures of returns & then Deduct from our fund under different heads like Finance Management Charges so they Earn even if We do not earn they do not care for Customer's finane Appriciation Now at the age of retirement I am searching options for earning because my heard eared Money is washed away Moreover They asked me to take critical Illness Rider for which they deduct extra Rs8,000 p.a. when I had Angiplasty Operation & Second time when I met with big Road Accident & got Oerated I approced them the Officer who told me You are Alive & there is No big Permennat defect so You are not Eligible for any claim I went to the Co's Tadiwalla Road Pune with written Application for rwemoval of this rider from my Policy The officer on the desk told me I can not Remove it & so did not accepted my application I sent by Mail To The Co Rcd simle reply we will look in to the matter & mattere is close for Year then after No reply or acknoledgement also from the Co for this case So I rquest People not get attracted to This type of articales Property investment is safe fro long termm secure investment
Re: This is Publicity Stunt to fool inocent people
by Anil Joshi on Aug 20, 2014 01:20 PM
Joshi, u should invest in equity mutual funds through SIPs and not in insurance based funds. Insurance based funds eats up your fund value.
I would like to know whether its worth the risk to invest in such funds? I started a pension plan in EXIDE LI for 12K x 15 years and after three years the first 12K installment has reduced to 9K as of late! Please advise
Re: Anyone who got rich in like manner here?
by rahul deva on Aug 13, 2014 11:17 AM
Patience is the key. I invest in SBI Horizon since 7 years and my return is 20% even after allocation of 20,15,10 and 5 % later.
Re: Anyone who got rich in like manner here?
by Anil Joshi on Aug 20, 2014 01:23 PM
sir we all make same mistakes always. the article tells us about equity based mutual funds investment and not pension fund or insurance. Insurance is an expense and not investment, always remember. Do SIPs in equity based mutual funds only for capital appreciation. I have gained so i am one of the gainers in MFs.
and know that wipro would have done so well in 34 years. besides there is no limit to greed. why not hold on for another 34 yrs and let your great-great-grand children enjoy the fruit P V Subramanyam ?
Re: Fools paradise!!!
by Ram on Aug 15, 2014 09:05 PM
ankit singhal, it is not fools paradise. that is what is called investment. why do you think 1 share of berkshire hathaway is worth $200k today ? if you dont have the patience, then investing is not for you. you can spend what you earn and live life like a pauper in your old age
The author has basically invested in co's like silverline , and telling us also to do the same . He thinks the general public is an idiot like him . His attitude can be reflected frm the point he wants to make 8500 cr in quick way , which is not possible If he wants to do it , the pubic welcomes him . Even if he had money he wouldnt have the guts to invest 1 cr in infosys , can he do ?? Do and show , and earn then preach .
Really, this is all make believe to push people into equity investing. There are many caveats to the facts presented here that it can only be termed as creating a fools paradise.
Subramoney has always come out with pragmatic advice, this was not expected.
