| Address: | Nagpur, Maharashtra |
would like to bring to your kind notice some of the terms and conditions and charges of HDFC Pension Champion which I have started investing in 2010.
HDFC Life insurance I feel is almost cheating the investor for the following reasons.
Minimum duration for paying the premium is 5years for the above funds.
There are various charges included
investment allocaion rate (10% )
policy administration charge (0.95% of the premium amount per month )
fund management charge (1.25%)
Surrender charges
I
These charges are not mentioned in the website which advertise about the fund.
The fund manager and the website only indicate the benefits
Therefore the investor is kept in the dark about these charges during investment.
After the first year investment is made, they send a brochure explaining the charges. And the investor cannot withdrawn from investment because of the surrender charges. The investor is in a trap.
I am completely not satisfied by the by such charges and terms and conditions and by the way they are cheating common people by hiding the applicable charges.
.Till now i invested 7 lakhs and at present value is 6.3 lakhs even after 4years of investment .
Such product must not be allowed in market where insurer earn money from our pocket Was this information helpful? | 
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