[Resolved] HDFC Bank Life / Life Insurance — PROPOSAL DECLINED BUT DID NOT REFUND THE AMOUNT SINCE 9 YEARS.IT'S LICENCE SHOULD BE REVOKED

safewear

from Mumbai, Maharashtra

Address:

Agra, Uttar Pradesh

Proposal 37245 on life of Akshay kapoor denied in sept.2002 but payment
still pending after 9 years.

Dear Sirs,
It has been unpleasant to say that the insurance company is least worried
over the payment to be made to the client,inspite of visiting their Agra
office and reminding them through email.

Even, the insurance ombudsman,UP circle,when asked to take the drastic
action against the insurance co.,responded that it is beyond their
jurisdiction as per their letter dt.16.12.2003. They wrote that the
insurance company has sent me the cheque no. 480665 dt. 30.09.02 for
Rs.2913/-

On the contrary ,no cheques had been sent to us.And that the insurance co.
is misguiding and utilising the amount for their own benefit.
Now, it is my request to you to take the matter with higher authorities and
get me compensated with the principal amount alonwith interest there upon
besides damages.
with regards,
Akshay kapoor,
36, New Lajpat Kunj Marg,
AGRA-282002
Mob. [protected], [protected]

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Aug 13, 2020

Complaint marked as Resolved

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Comments

azmatc

from Meerut, Uttar Pradesh

Sir, Aap ne tau Kampaney ka logo hi change ker diya. I have read ur detail regarding the policy of HDFC LIFE. you having the traditional policy, it will be profitable on maturity. Insurance is a contract betbeen insurer & Insured, any one break it before maturity will lose book.

Azmat

safewear

from Mumbai, Maharashtra

Dear Azmat,

I am sorry to say that without reading the subject matter, you passed the comments.
My dear friend, What the subject matter was- that the proposal declined after a good lapse of time but the initial payment has not been returned till date after a lapse of more than 9 years inspite of visiting their branch and through email and even taking the matter to ombudsman but nothing positive resulted.

It appears that they are least affected by the consumer grievance and their hard earned money.
And moreover they are least bothering the government agencies from taking any drastik action.

What I want to tell you that they have to make the payment for not only the principal amount collected by them but also the compound interest @24 % P.A. as and when it has to be paid.

As regards changing the logo of the company, it is relevant what the logo I have given, looking at the overall perforfance of the HDFC standard Life/ HDFC LIFE and the harassment they caused and still continuing.

Is this company has uplifted our head-Sar Utha ke Jio?

Regards
Akshay Kapoor