[Resolved]  HDFC Bank Life Insurance Company Limited — SAVINGS ASSURANCE PLAN

Address:

Thane, Maharashtra

Cancellation of policy no. 14680411

Sir / Madam,

1) As already mentioned that at the time of receiving the policy, I was out of station & I could not go through the policy.
2) As per your letter dt. 09.02.12 by an internal assessment, if I had understood the features & details of the plan at the time of taking the policy, than why I would surrender the same.
3) I was forced to convince that this policy is good for my age & I can opt for it without hesitation. Form was produced in front of me to sign at all places, wherever it was necessary, without explaining terms, conditions & features in details (except I will have to pay Rs. 25000/- for 10 years & I will get good returns).
4) I have already mentioned that it was not projected to me about the sum assured, death clause, surrender clause & returns of the policy.
5) I was completely misguided about the features of the policy.
6) I would like to cancel / surrender / withdraw this policy without any delay.
7) This is my humble request to arrange for refund the principal amount of Rs. 25387/- as early as possible, which I paid without understanding the policy. (care will be taken in future)
8) I know that company always be right on their part, It is my request to consider my part also & do the needful.

Once again I want to highlight that I was misguided about this scheme and is not beneficial for my age in long term plan. And it was not explained in details by the HDFC Relation officer.

Thanks & Regards