Ihad committed for 5 years policy of 50000 with Icici as they promised a very good return. Today I received a call to pay 50000 . I asked them about my nav and was shocked to hear it was much less than I had paid for these four years. I do not want to pay.what will be the implications? Can anybody advise me? more  

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Please take policy name and fund invested. You need to hold chandrakant sheth www.asgamfinancial.com more  
There are many agents being recruited by Life Ins companies to promote business, they have been given training by Ins Company, but agents due to their greed to grab business, they show you MOON, and grab business. The policy taken by Chandra is ULIP plan, there is small component of the premium goes to Mortality chg.(Insurance Premium), then there are Fund ManAGER, Admin charge, 1 time charges are deducted from premium and the balance amount is being invested in the fund chosen by you. Since the policy is for 5 years Locking period same has to be paid, other Policy rules & regulation will apply. You can also withdraw from the fund and pay premium (if allowed in the Policy terms & condition) to keep the Insurance cover active. IT IS ADVISABLE TO READ THE POLICY DOCUMENT WHILE DELIVERED AND FOUND DEVIATION THEN EXPLAINED, THEN ONE CAN CANCEL THE POLICY WITHIN 15 DAYS OF THE POLICY DOCUMENT RECEIVED (Called FREE LOOK PERIOD) more  
please study your insurance plan and scheme and your goal from this scheme, debt and equity breakup etc . you should take the policy and all relevant particulars to your insurance company along with the agent for discussion. please make a informed decision rather than coming to any conclusion hastily. you can also check with your agent or a know financial planner before you take decision more  
Write letter with all proof & send to finance minister with copy to PMO seeking their help if need an early solution, nothing else will work in your favour. They are cheaters enjoying peoples money with many tricks in their sleeves. more  
Dear Mr.Chandra Sai. Please note that firstly,the policy must be taken from ICICI Prudential.Secondly the agent did not give you the complete choice for your investment in equity shares,debt funds,balance funds,etc.The investor should be vigilant while investing in mutual funds/invest plan.It is better to retain the existing deposit for next 5years or more.Also check the NAV ( net asset value ) as and when share market rise if the investment of the scheme is in share equity. more  
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