[Resolved]  Tata Aig — Maturity Value Nil

Address:

Bangalore, Karnataka

We had taken 2 policies one in my name - Ganesh Shastri - C[protected] and the other in my wife's name - Indira Ganesh - C[protected]. Both were taken in 2004 and all premiums were paid in time in each year. The maturity value was Rs. 3, 00, 000 each and the premiums were Rs. 49000 to 50, 000/- varying over the years.

I do not know as to how the premiums were fixed. I was told that each year there will be an annual bonus which will give capital appreciation.

Each on o[censored]s have paid Rs. 5, 20, 000/- as premium during the last 10 years.

Now the maturity value is also Rs. 5, 20, 000/- for each o[censored]s including the bonus etc.

There is no return and no capital appreciation. The so called bonus etc is NIL in reality.

I need this to be investigated - why the return from this policy is NIL even LIC (Govt undertaking) gives minimum 6% per year.

I will strongly advise that such policies should not be taken.

Ganesh Shastri

ganesh.[protected]@gmail.com