HDFC Insurance Policy
Mis-sale of the policy no -12278443

My name is Nitu Kumari. Iam working with a BPO.I took one tax saving ULIP plan from HDFC Bank last year. This policy is of Rs80, 000, while taking this policy HDFC agent didn't told me about adminstrative fee of 30pct on 1st and 2nd yr and 1pct on 3yr moreover agent advised me that i've to pay only 10, 000 next year onwards while is no where written in policy documents and the documents terms is so technical that no body can understand.

Now iam running behind HDFC Bank but they are not downgrading it and more over they are saying that i 've to penalty if I downgrade it and cancel it.

Why it is so when they didn't take care of my policy and when i am keeping eyr on market and switching my funds on daily basis then when they would charge penalty. If they would have been taken care of policy i would not be in such a big loss.

Company: HDFC Insurance Policy
Country: India

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