[Resolved]  SBI Life Insurance — SBILIFE

Address:

Tamil Nadu

My early premium for SBILIFE UNIT PLUS II pension policy is Rs.50000/= and surrenderde the policy after completing three years. They deduced some units as service charges and and finally gave Rs.1,40,000/= as return.If have invested in other finacial institution or in SB account i might have got atleast 10000/= rupeees as intrest in three years.Is it a punishment to save in mutual fund like this?.At least they should not deduct the units for service charges in the final year.Only their money is counted not our money.why this?