Hi, I have started investing 2000 INR per month in "ICICI prudential Life Stage Pension Advantage" which is a ULIP. I have taken this policy for 25 years. I am qurious to know that how much I would get as a return on meturity of this Policy. The Investment consultant who have sold me this policy stats that my returns would be arount 10 times on meturity...is it right??

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Q	Hi, I have started investing 2000 INR per month in "ICICI prudential Life Stage Pension Advantage" which is a ULIP. I have taken this policy for 25 years. I am qurious to know that how much I would get as a return on meturity of this Policy. The Investment consultant who have sold me this policy stats that my returns would be arount 10 times on meturity...is it right??
	Posted By : Anshul , Gurgaon, Gurgaon \| On 1.6.2010	Post Answer Post Answer X

Answers

1	Dear Anshul, According to my knowledge there was a monthly admin charge of 1% on fund value till hold that policy. means yearly 12% charges either fund perform or not. so, better switch the poilicy to life time pension maxima where charges are less.Even this policy generates returns of 15% per annum in that you are paying 12% as admin charges. please look the policy documents carefully.
	Posted By :ananth , hyderabad \| On 30.6.2010