HDFC BANK - ULIP
BEWARE HDFC BANK - ULIP

BEWARE OF HDFC ULIP policies. They are cheating people without giving proper facts.

I recently bought a ULIP from HDFC, the manager informed me the commission charged by the bank is 2.5% of the total investment.

After a week I got the recipt of the ULIP and it showed investement of only 40%. The remaining 60% was missing. When enquired from the bank, they say the commision is 60% for the first year, 50% for the next year & 3 rd year is nil, but if you continue the policy after 3 years then again the the commision starts from 60%.

Be very careful of these cheats.

Company: HDFC BANK - ULIP
Country: India

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