I have an Enhanced Save guard policy nsg1189733 with Aviva and i have paid 6 premiums of 54000 Rs each. Investing with this company has been the biggest mistake i have made. They are charging more than 10000 Rs as fund management charges per year for what?? To give me a loss?? I have invested 324000 Rs in all and today the fund value is 307000?? I am told by a Mr Prashant at the call centre that this is because the market is down. I understand that the market is down but I have invested over a period of 7 years.. My point is that the growth fund NAV has gone up from 18 in 2005 to 34 in 2011 and secure fund nav has gone up from 11 in 2005 to17.5 in 2011 but in spite of that, there is a LOSS in my statement?? Because each month they are eating up my money in your cunningly designed policy, which leads to lesser units. The policy documentation is also very cunningly designed and has extremly technical and misleading data. I have other unit linked policies which i purchased at the same time and the maximum yearly fund management charges taken by them are 3000 rs unlike 10000 Rs which is being charged by Aviva, thus eating away the units..The other unit linked lic policies have even given me good profits. people need to stay as far away as possible from Aviva as it gives the most misleading data. Kindly help
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