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[Resolved]  HDFC Bank Life Insurance Through HDFC Bank Bank — Misselling of product

Respected Sir,

My name is Swagata and I lived in Guwahati,Assam before I moved to USA in 2000.During my visit to India in Feb 2010,I went to HDFC Kolkata and one employee named Kaushik Basu missold me a HDFC savings assurance plan.What was explained to me is completely different from what the policy is.I was told to put a high first year premium so that the sum assured would be high at the end of 10 years and I could go for a very minimal premiun from the second year onwards.I did not know that his main intention behind this was to get a huge commission of around 50%.I signed up for 4 lakhs /annum premium.Moreover, he asked me to put my India address which I did and put my Guwahati ,assam addess since he knew that I would get the policy papers way after cancellation time for the policy has passed.Ever since I received the papers,I have been trying to cancel the policy but of no use.They are selling policy with deceptive tactics.Please stop such policies being sold in the market.


Now after loding a complaint with IRDS,it was forwarded to HDFC bank for investigation.Why would the agent who missold me the policy want to give up his commission.So they decided not to refund the money.If I cannot get my money back,I can atleast warn other to STAY WAY FROM HDFC BANK.I may be contacted at [protected]@yahoo.com






Thanks

Swagata Dev

[protected]
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Complaint marked as Resolved Aug 13, 2020
Complaint comments  4 CommentsShareTweet

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home product insurance — agent not submitted insurance paper

Kulkarni sanjay r.

12/186 saryu appt;

By pass road;

Bharuch.392001

Phone no [protected]

Sanjay.R.[protected]@ril.com

To,

Manager claim dept.

Iffco Tokyo insurance co ltd

Old padra road,

Vadodara.



Dear sir,

Sub: home insurance related issue





My IFB washing machine has been repaired on 22.01.2009 and I have submitted related documents to your Iffco Tokyo agent on 02.02.2009 with original bill .The detail of my policy as under



Home and family proctor

Policy no: 54101358

Date of issue:11.08.2008

Issuing office: vadodara

Agent broker: Mehta pragna

But agent not giving me satisfy answer and my original bill has been given to agent so I kindly request you to rectify above issue and give me satisfy claim .as

I again claim with duplicate bill .

--
Kind Regards

Sanjay R Kulkarni

WAY TO LIFE — NOT GET MONEY BACK

MONEY WAS NOT PAID BACK AS PER THE COMMITMENT. I HAVE INVESTED RS.7500/- TO INVEST IN REAL ESTATE. AS PER CONTRACT THEY WOULD REFUND ME RS21000/- I TEN MONTHS. BUT WE WILL NOT GET ANY RESPONSE FROM THEM TILL NOW. PLEASE DO THE COMPANY ADVICE TO REFUND THE MONEY AS SOON AS POSSIBLE.
also cheated same like this. this HDFC bank Relationship Managers in the begning talking very sweet and they cut our throat nicely. they are getting huge amount of commission. this is one type of corruption in the bank. you can file your complaint to [protected]@hdfcbank.com
but it will not help you because the are purposely supporting to their officers. we have to fight in cunsumer court and IRDA (insurance regulatory and development authority). and we have to do it together all people who cheated by HDFC bank and HDFC standard life insurance company. now do not open any account in private banks like HDFC.ICICI, HSBC. best to open account in Govt. banks.
Thanks
vivek koli
I am also victim of such fraud. A fraud agent called me up by representing himself as HDFC bank executive and sold me 2 policies with so many false commitments. When I realized that I am trapped and complaint to HDFC LIFE in written and online so many times they didn't responded well. The grievance department staff misbehaved in phone when I call to inquire about status of my complaint and at the end they closed the case by saying it wasn't missell. They are supporting frauds or may be corrupted and taking bribe from those frauds to sell their policies, They talk really sweetly when wana take money by selling policies and then show their devil side when you got trapped. If there is anything we can get justice or file major complaint against the fraud agents and corrupted HDFC life insurance company, kindly let me know as I would like to fight harder for justice to save many more people getting trapped by such fraud money eater insurance companies.
My email id is: [protected]@yahoo.com
My policy nos are: 15892592 & 15955974
Complaint Nos are: [protected] & [protected]
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    HDFC Life Phone
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    12th & 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Road, Mahalaxmi, Mumbai, Maharashtra, India - 400011
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