If you have taken a loan from H D F C, and taken a insurance cover for the loan you may have done a mistake.
You may have paid an exhorbitantly high premium while you have not got proper insurance coverage.
If you have taken a HDFC ERGO - HSP, then you have paid a hefty premium for just 5 years while the coverage is only for accident and critical illness.
In other words if the death occurs for malaria or dengue no insurance money will be paid to the nominee. If the DEATH is caused by a sudden heart attack NO claims will be entertained.
The ergo H S P only pays if death occurs because of any of the 9 Critical Illness.
So, if the person does not suffer from cancer or RENAL failure, no claims would be paid.
If you read the policy document carefully then you will realise the loopholes.
chances are that you have been tricked into paying the premium while the negatives have been hidden from you by the sales executive.
Is there a solution? Yes, specially if you have received the POLICY not more than the last 15 days.
write a complaint at the following email ID qoute your policy number :
[email protected] - c a r e @ h d f c e r g o . c o m.
[email protected] - c o r p c o m m @ h d f c e r g o . c o m.
[email protected] - g r i e v a n c e @ h d f c e r g o . c o m.
[email protected] - p r i n c i p a l g r i e v a n c e o f f i c e r.
[email protected] - c o m p l a i n t s @ i r d a . g o v . i n.
[email protected] - i o m b k o l @ v s n l . n e t.
[email protected] - i n s c o u n @ g m a i l . c o m.
Please ask them to cancel the policy and tell them that you wish to surrender.
Tell them to refund the whole premium amount paid without any deductions.
TELL them that you only want a Home Loan Protection Plan or HLPP .
H L P P, is far less costly and is ideally suited to cover the LOAN .
The premium calculator of HLPP is available on the website of H D F C LIMITED .
the main page of the site www.hdfc.com.
HLPP is an IDEAL plan which covers the whole tenure of the loan with one single premium.
The PREMIUM needs to be paid just one time and covers all deaths.
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