A Life Insurance Scam in My Email

by Vinaya HS on July 15, 2011

in Finance

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See what I received in my Inbox.

Observe the calculations.

From Year 9 to Year 10, there is a magic jump in the figures. Between these two years, the amount more than doubles. Zero explanation for why that’s happening. A perfectly hidden trick amongst all those figures.

What a scam!

I wonder how many people have fallen for it.




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{ 3 comments… read them below or add one }

Ajay July 15, 2011 at 8:30 AM

Vinaya – Isnt that the maturity amount that doubles ? Isnt it good for someone :)

Ajay July 15, 2011 at 8:42 AM

Checked the document again and verified the LIC website. What is mentioned in the document is the Guaranteed + Non Guaranteed components.
In the document the Non Guaranteed portion is calculated at 10% :)

Vinaya H S July 18, 2011 at 9:50 AM

@Ajay:

But why only between Years 9 and 10? What about a policy that has a term of say 20 years?

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