This is with regards to my policy Saral Jeevan Life Cvg. The annual premium is 12, 206.00 and i have been paying this for 3 years. So I have paid a total amount of 36618.00 however the fund value is only 33215.00. So this policy is a total waste. From the statement i see that every month they are debiting 395.94 48.93 = 445.00 which is a total rip off. So in a year they debit 5340.00 which is equal to 44% of my premium. I just could not believe this dirty trick of Birla Sunlife!!! So almost half of the total amount is taken as their charges. This was not mentioned to me when I took the policy. The policy agent was a useless who did not know anything about this. The agent did not tell me about the hidden chgs which is 44 % of my premium amount. I have taken this policy to save incometax and this has caused more loss for me. I would prefer paying 10% or 20% to the government rather than paying this company who cheats people 44% unnecessarily. Just do a search in google with keyword "Saral Jeevan Life Cvg" and all what you get to see is customer complaints. The first 5 links that google gives you is of consumercomplaints link where customers have complained about their cheating policy.
I would request everyone to be careful incase you are plannin to take this policy