[Resolved]  HSBC Canara — No one cares in HSBC

Address:

Ahmedabad, Gujarat

They have HSBC Canara life insurance scheme which actually takes you for a big big ride. You are scared to complain as maybe you will lose all??
Please do not take this policy if you are ok as no one hears to your grievances once you have signed for this policy,

In short if you take this policy you keep losing. This is what they say......... their own email reply to surrendering the policy.

If you wish to surrender the policy; then as per the features of the plan opted by you the policy will attract surrender charges and all benefits under the policy would cease.
Policy Year As a % of Fund Value
Year 1: 60%
Year 2: 30%
Year 3: 20%
Year 4: 10%
Year 5: 5%
Year 6 onwards: Nil


If the surrender request is made before the 3rd policy anniversary, the surrender value shall be calculate immediately but paid out at the end of 3rd policy anniversary, as per IRDA regulations.

Just in case you are not comfortable to pay the premium ,then following are the options available :
• Change of Premium Payment Mode
You can change the premium payment mode to a monthly, quarterly or half yearly mode by sending us a duly signed PS Form C (attached) on the address below.

The Manager - Policy Servicing
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
Unitech Trade Centre
2nd Floor, Sushant Lok,
Phase-1, Sector-43,
Gurgaon- Haryana (INDIA) 122002