Do not invest in SBI ULIP Products

I was frustrated by investing sbi life -unit plus.They are the worst performer i have ever seen.They are cheating by the name of sbi.
They promised to give more return after 20 years.This is just like bogus promise.

I surrendered my ulip and i got less than what i invested 4 years ago.
Not only this happens to me but everyone who invested into it.

When i went for surrender so many people came there to surrender.

Please check the unit statement and surrender if you have more money than invested.Fund manager are not good it seems.They are collecting more policy allocation charges.I do not think they avail sip(i mean monthly payment option).

Many people are going to take this by 80c.we can go 80c for lic,post office..

Before going sbi-ulip,you should ask the below questions.

1.How much amount they collected for policy allocation charges?

2.Is systematic investmentoption available?

3.How about the surrender charges?

Documents Required to Surrender SBI ULIP Policy:

1.Policy Document-This is initial document we received from SBI ULIP
2.Residential Proof- Xerox copy of Ration card or voter's ID or Passport
3.Cheque- Cancelled Name Printed Cheque
4.Revenue Stamp