HDFClife
HDFC Standard insurance Looting 50% of three year premium in the name of charges

I was looking for investments options and consulted HDFCLife.
My requirements were some investments scheme over 5-6 years period.

The financial consultant at HDFC standard life told that I could use the capital I have, to pay three premiums of HDFC endowment supreme suvidha policy. I was told that 20% of the total premium will be taken by the company towards the administration charges.

After I paid the three premiums depleting my capital, the company now argues that I need to pay 5 premiums in total else, another 30 % will be deducted as charges. The total bargain was initially 1,00, 000 Rs (approx 2250 USD) as allocation charges - but after taking all my money - now they say the charges incurred will be an additional 30 %, viz, 3,00, 000 (apprx 7750 USD).

Its a flat atrocious act by the marketing agents/financial consultants of HDFC Standard life into luring people promising good returns on investments, but charge about 50 % of the customers money to allocation and other charges.

Company: HDFClife
Country: USA
City: Mumbai
Address: 169 Backbay Reclamation
Site: hdfclife.com

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