HDFC UNIT LINKED YOUNG STAR PLUS' (sarUtha ke jiyo)
I had taken a policy of 'HDFC UNIT LINKED YOUNG STAR PLUS' (sarUtha ke jiyo)
With insurance coverage giving me so many dreams shown in excel sheet HDFC promise kid’s education and soooooo and dream are as follow
(http://www.hdfcinsurance.com/MediaCenter/News/Product profile HDFC Young Star Super.pdf
http://www.hdfcinsurance.com/Products/Downloads/ChildresPlan_PDF.pdf
http://www.hdfcbank.com/personal/investments/life_insurance/unit_linked_plans/young_star_plus/unit_youngstar_plus.htm#
http://www.hdfcinsurance.com/Products/ChildrensPlans/YoungstarSuper.aspx
Reality is this
It involved initial amount of Rs 5 lakhs investment, in the yr followed by payments of Rs. 50, 000 for 3 consecutive years. This was terms and condition agreed at the time of investment with HDFC staff that came home (jiteesh, Biju insurance person).
I paid all these payments in till 2009. In 2010 January, I got a cheque of approx Rs. 4 lakhs from HDFC bank, saying that all is closed.
For verification Policy # is 10785159
You can clearly see that I have lost around Rs. 2.5 lakhs at the end of 4-5 yrs. It would have been a better choice to put it in fixed deposit else where which would have given me double the amount by now. How these people are play with us.
So dear friend beware of HDFC any policy... Be careful investing with HDFC Bank... Try to send/ pass these to information to everyone so that other will not fall in the trap of HDFC bank
Thank so much
MONCY C VARGHESE
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