IF YOU ARE NOT PRUDENT GO FOR ICICI Prudential . Review on ICICI Prudential Life Insurance

Well!I suppose the title of my review says it all. It concerns the Unit linked Life time Pension Insurance Schemes of ICICI Prudential Life Insurance in which employees of company invested in their individual capacities.Every month a part of the hard earned money of the workers go to these schemes offered by ICICI Prudential Life. It promises to invest money in mutual fund schemes to supposedly maximize(?????) your savings!Maximise did they say??Well for one they deduct 40% of the first premium supposedly as administrative charges ,though they do not mention it at the time of making these policies.. A second thing which I have recently become aware of is that though there is a time frame mentioned during which they supposedly invest mutual fund schemes every month,it is almost uncanny that the money is used to purchase Units on days when the N.A.V.(The Net Asset Value) of the mutual fund is the HIGHEST!So YOU get FEWER UNITS. Since this unethical practise is without interruption carried out EVERY month it cannot be deduced that the persons concerned make the mistake of timing the Mutual fund market every month. This Bank and its various schemes(insurance,life and non-life)only serve to point out that their management(s) are interested in only expansion and not consolidation and you as a consumer hence suffer