[Resolved]  Kotak Child Advantage Plan — RETURNS ON MATURITY VERY LOW

Address:

Mumbai Suburban, Maharashtra

sir:
I have taken a " Kotak child advantage plan in Feb 2003 ( policy no :[protected] for a period of 10 years for assured sum of 150000/- and a quarterly premium of Rs 4290/-. from Kotak Life Insurance.
I paid my premiums regularly for ten years which means i have contributed nearly Rs 170000/- to the plan. My policy matured on Feb 7th 2013, and i received a SMS from my bank ( HDFC) that a NEFT transfer of Rs 200,374.19/-- as the maturity amount by Kotak. I am surprised the returns are so low and i do not see any advantage in this policy as the title suggests. I would like to highlight if i had invested this amount in a bank or in recurring deposit i would have got higher returns.
Will Kotak Insurance explain this attitude of putting customers to loss? Is this justified the returns they have paid to me?

thanking you,
sincerely,
mvlnsastry.