Hi
I have been suggested to invest in HDFC Life Super Income Plan by a friendly agent (who is our family friend ). As per his explanation, The plan is for 16 years. I need to pay premium of Rs.72,200 for first 8 years. From 9-15 years, I will get payout of Rs.50,000 every year and at the end of maturity (16th year) I might get a lump sum of amount with bonuses, totaling around Rs.15 Lakhs. I seriously doubt the agent’s illustration, as I gone through product brochure it clearly stats final maturity amount is my last payout+bonuses, which is too less and in total I will get only around 7.5 Lakhs (with rough assumptions of bonus rates.)

I need some expert advise with illustration on choosing this policy, if i can go ahead with this or not. The agent is behind me to push me into this I really don’t want to waste my investment amount , for 16 years with low return of investment. Kindly advise.

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