Stop misselling, says IRDA. We never got the memo, says Aegon Religare
Links to this page. Still claims 150% guaranteed returns. But they have dropped all those 7 years details.
Anyway, I did the numbers in Excel. Guess what the returns is? Less than 6%. That's right! Once the service tax is added, the returns falls further.
Any normal person who sees 150% returns and doesn't validate the claims, will fall for this. Will the insurance companies ever change?