Hi,I have been approached by an insurance agent for ICICI Pru Savings Suraksha policy.He states that if I invest 1 lakh Rupees per year for 5 years, at the end of 10th year, I will get 10Lakhs. How reliable is this ?
It is a typical endowment plan. You can’t expect more than 5% to 6% return. Please don’t heed any such illogical return expectations shown by your agent. Work yourself. Understand how they arrived at such maturity amount, then decide. If you still have confusion, then reply here for further discussion.