[Resolved]  HDFC Bank — False Commitment/Fraud/Cheats

I an MBA and was recruited by HDFC Standard Life now HDFC Life on a Third Part payroll as a Trainer.

I was told that i would be confirmed after three months of joining and a maximum of six months of joining.

On completion of three months they conducted an fake assessment and did not confirm any of the six o[censored]s who had joined the company saying that you need to work more and we are giving you three more months.

Three months later i was transferred to another location. The place was expensive and i had difficult time managing my expenses. The manager over their was more interested in making me resign from the company instead of helping me out at the new place.

I eventually resigned from the company as i felt their was no point in continuing the job as the confirmation would be done by the manager and he was in no mood to let that happen.

Moreover most of the policies in most of the insurance companies are mis sold.

It was very common to sell ULIPS telling the customer to pay premiums for just three years and withdraw money after fifth year.

Apart from that their are bizarre cases of regular premium policies being sold as a single premium policy for a high amount

I know incidents where an elderly person had invested his total provident fund amount in an insurance policy, on being convinced by an agent that it was similar to a fixed deposit.

Their are incidence of term plans being sold as instruments providing return on maturity