8 Tips to Consider Before Surrendering Your Insurance Policy
2. Gullible Investors Fall Easily In Traps of Agents
After the guidelines for Ulips or Unit-linked Insurance Plans became strict in September 2010, Insurance agents have been trying to pile on the traditional endowment plans on customers. The most prominent method for the insurance agents to sell these traditional plans is to term them as insurance-cum-tax-saving-cum-secure-investment pitch and lure gullible investors.
Certified financial planner, Ladder7 Financial Advisories, Suresh Sadagopan says that most of the time investors are talked into policies that strangle their cash flows without taking into account their future objectives. He further adds that prime problems arise when the cash flow is limited, say 
4-5 lakhs even if a person is earning 15-17 lakhs per annum, as the bulk amount is directed towards annual premiums.
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