It all began in 2008 end when I was advised by one of the HDFC Home loan person to cover my loan by taking a life insurance policy by HDFC SLIC,
I had no idea that I am going to loose my hard earned money by the crooks of HDFC SLIC.
I took HDFC SLIC ULIP link policy & started paying bi-yearly premium 32500/= ie 65000/= per annum. I paid 4 installments & unfortunately in between I didn't bother to check my account.
In November because of one home loan issues with HDFC, I decided to close all the relationship with HDFC & when I enquired the balance left in my policy,
I got rude shock, after paying Rs125000/= for 2 year, the amount left in my policy was close to Rs36000/=!!!
When I asked why this much low amount is left in my a/c, I was told that HDFC SLIC has deducted various charges.
I immediately realized that I am paying my hard earned money for expensive cars/houses, etc etc, of BIG People including CEO, Board of Directors,
Investors and decided not to continue & stopped the payment.
Incidentally when my policy was started in late the Sensex was at very low & in 2009 it was the lowest, still my money didn't grow!!!
Simply because the whole money was utilized by big people sitting at big post, drawing big salaries!!!
If the same money was invested in Sensex/Nifty by a novice like me I would have earned 2-3 times the invested money!!!
But the so called share market professionals sitting in HDFC SLIC could not earn a single rupee out of 1.25 Lakhs given to HDFC SLIC by me!!!
Reason- the whole money paid to HDFC SLIC was utilized for other purposes.
I was told that I will get my remaining money only after the completion of 3 years because of locking period. I had no choice to wait till 3rd year.
When I enquired the status of my money after 3 years, I got another 40, 000 V shock, the money returned to me was Rs10000/=!!!
I wrote to CEO (Amitabh Choudhary) & customer support center & I got only computer generated reply.
I sent 2 reminder to Amitabh Choudhary & customer support center but no response.
I wrote the above to Board Of Directors of HDFC also but looks like they all are hand in gloves.
Policy no. - 12220045
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