[Resolved]  HDFC Bank Standard Life Insurance — cancellation of policy sold by misleading me me

Address:

Gurgaon, Haryana

Hi,

It is submitted that i have a Saving bank a/c in HDFC Bank, Gurgaon,So I requested the Manager/Insurance Agent in the bank to invest the amount of Rs.2.70lacs into a attractive single Premium Policy of HDFC Saving Assurance Plan during 8/2008,but this amount was invested by them a regular premium scheme for 10 years HDFC Saving Assurance scheme . After the expiry of one year I received a demand notice from the company to deposit the amount of Rs.2.70 lacs as premium for 2nd yearly instalment.Since then I am approaching the company to convert the above said policy into a single premium policy as it is not possible for me to pay such a huge amount regularly as I am a retire government servant and there is no other source of my regular income.

In due course of time I had established a detailed discussion with various representatives of the company on telephone,but still today I have not recieved any discussion any of them.

I also visited the nearest branch of Standard life insurance,but did not get any response from them.
I also had a commnique with HDFC Mumbai Office regading the same.But they never responded me back.
So,It is again requested that the above said policy may kindly be converted into attractive single premium HDFC Saving Assurance Plan,or SURRENDER MY POLICY and get the correct fund value credited to my account.

PLEASE PROVIDE A SOLUTION IN THIS SCENARIO.

Thanking You

Yours Faithfully
Mobile No-[protected]