As all we know ULIP is flop in india and companies are faking fool to customers.
But all of you know biggest fraud ULIP product is provided by BIRLA sunlife and i am guarnting
that no company in india can beat BIRLA. BIRLA is king of of product of losses and making fool
of customers.
Policy details:
1st year 2nd year 3rd year onwards
Admin Charges 61% 7% 7%
Cost of insurance 14% 43% 14%
In above see admin charges is more than 60 % and in second year they increase cost of insurance to
43 % and they will continue to take more than 20 % throughout the policy.
No company is able to give more than 15 % profit to its customer and they are taking more than 20 %
from it's customer every year.
I have losed more than 1 lac and i have to withdraw from this and have to bear this loss othervise 20 % amount of my primium will be in loss.
Never take this ulip plan. BIRLA are pirates of market.
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