Respected Sir,
My name is Swagata and I lived in Guwahati, Assam before I moved to USA in 2000.During my visit to India in Feb I went to HDFC Kolkata and one employee named Kaushik Basu missold me a HDFC savings assurance plan. What was explained to me is completely different from what the policy is. I was told to put a high first year premium so that the sum assured would be high at the end of 10 years and I could go for a very minimal premiun from the second year onwards. I did not know that his main intention behind this was to get a huge commission of around 50%.I signed up for 4 lakhs /annum premium. Moreover, he asked me to put my India address which I did and put my Guwahati, assam addess since he knew that I would get the policy papers way after cancellation time for the policy has passed. Ever since I received the papers, I have been trying to cancel the policy but of no use. They are selling policy with deceptive tactics. Please stop such policies being sold in the market.
Now after loding a complaint with IRDS, it was forwarded to HDFC bank for investigation. Why would the agent who missold me the policy want to give up his commission. So they decided not to refund the money. If I cannot get my money back, I can atleast warn other to STAY WAY FROM HDFC BANK.I may be contacted at [email protected]
Thanks
Swagata Dev
916-683-4457
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