HDFC Bank — FULL AMOUNT NOT PAID ON SURRENDER OF POLICY

Address:

Lucknow, Uttar Pradesh

Police refund done on 30/11/2012
balance units 1516.59
Amount received Rs.111971.21
Where as NAV on 30/11/2012 was Rs 84.15
the payment should be Rs 127621.04
Rs one lack twenty seven thousand six hundred and twenty one
Why a short fall of about sixteen thousand .

also no statement given for deductions.
Out of 2500/- per month premium 1500/- deducted as charges plus taxes.
Which is abnormaly high.

Policy taken by my wife.
Sales people visit my house and sweet talk my wife ( a home maker) into investing in an investment plan in which 2500/- is to be deposited per month. Of the 2500 only 1000 is invested and 1500 plus taxes are deducted as charges by the company the charges contineu to be deducted from the principle amount even after the policy has been stopped.
HDFC LIFE is the biggest fraud company of this country. The have employed executives who visit door to door and look for gullible people like house wife's for making money.