[Resolved]  HDFC Bank Standard Life — HIGH CHARGES BY HDFC SLIC

69% OF ALLOCATION CHARGE DEDUCTING FROM PREMIUM TAKEN IN FIRST YEAR...ONLY 31% INVEST IN THE FUND...IN YOUNGSTAR PLAN (SO CALLED CHILD PLAN) FOR CHILD BRIGHT FUTURE THEY ARE TAKING MONEY BUT ACUTUALLY THER ARE DOING FROUD..SAME DONING BIRLA SUNLIFE ALSO...

But hdfc is having a front end charges whereassome hav backends or mid charges or either hidden charges. but as yougstar is a child plan n for long term atleast 10 yrs, it ll give u better returns as compare to all other companies. as shown by irda. as a charge called fmc which is very harmful, that is very low in hdfc

Have you got any response from HDFC standard life ? i am also victim of HDFC for young star plan . Please guide me what can we do next ?Lets make unified first
please let me have your mobile nbr.

Raghunandan [protected]

It is hard to believe that a reputed company like HDFC SL will cheat customers so blatantly. It is true that commissions are exorbitant and in return no services, I mean NO services are offered and the commissions swallowed by the so called benami " financial advisors".They share it with HDFCSL employees. It is true that they sell policies after misleading you that it is all a good investment, better than stocks and mutual funds when it is not so. They do not respond to customer complaints and confuse the issues deliberately. All in all, HDFCSL is a major scandal. I am a victim and can give all details. I tried to explain it to HDFC SL but they have given no satisfactory answer and they resorted to outright lying by saying they could not contact me over the phone. It is time IRDA and SEBI expose all this threadbare and offer relief to the beleagured customers. I am willing to cooperate with any one.