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I have called up the HDFC malleshwaram branch office in Bangalore and complained before posting it in the website.
Mr. Satish Kulkarni informed me that they will get back to me immediately with all the details.
I am still waiting to get the details.
Mr. Satish Kulkarni informed me that they will get back to me immediately with all the details.
I am still waiting to get the details.
Niranjan,
I am sorry to read about the issue that you are facing with HDFC Life. I completely agree about the deceiving tactics from HDFC Life about not disclosing the charges before hand.
Unfortunately, I became their latest victim. While discussing the policy, the HDFC Bank and their agents paint the picture green for unsuspecting customers like us to fall for their schemes. I too was assured that there are benefits and only benefits. The Bank Agent (and that too the Asst Branch Manager in my case) conveniently hid the schedule of charges. Only when I received the policy document, I was shocked. And there charges are not cheap and I find myself trapped.
You nailed it with your Zamindar system statement. The big banks are screwing the simple and middle class people who trusted them with their hard earned money.
There has to be some recourse for folks like us that these banks are duping so blatantly and openly. If they do not resolve these issues fairly and satisfactorily, then filing a written complaint with the banking ombudsman is one option. See, that's another thing that these sharks rely on that people do not have time to run around the govt. offices or the regulatory bodies are already burdened with so many complaints that they do not have time or resources to give enough time to each of the complaining parties.
Please do post back if your issue gets resolved or any further development happens.
Good Luck!!
Rahul.
I am sorry to read about the issue that you are facing with HDFC Life. I completely agree about the deceiving tactics from HDFC Life about not disclosing the charges before hand.
Unfortunately, I became their latest victim. While discussing the policy, the HDFC Bank and their agents paint the picture green for unsuspecting customers like us to fall for their schemes. I too was assured that there are benefits and only benefits. The Bank Agent (and that too the Asst Branch Manager in my case) conveniently hid the schedule of charges. Only when I received the policy document, I was shocked. And there charges are not cheap and I find myself trapped.
You nailed it with your Zamindar system statement. The big banks are screwing the simple and middle class people who trusted them with their hard earned money.
There has to be some recourse for folks like us that these banks are duping so blatantly and openly. If they do not resolve these issues fairly and satisfactorily, then filing a written complaint with the banking ombudsman is one option. See, that's another thing that these sharks rely on that people do not have time to run around the govt. offices or the regulatory bodies are already burdened with so many complaints that they do not have time or resources to give enough time to each of the complaining parties.
Please do post back if your issue gets resolved or any further development happens.
Good Luck!!
Rahul.
I am also enrolled into the scheme and shocked with the charges which was not informed to me by the sales people who promoted this protect.
Please all of you stay away from investing in this scheme...HDFC Pesion Champion is chargins almost 1% a month. ICICI Pinnacle super is charging 0.25% with 10% gauranteed highest NAV lockin for 7 yrs.
regards...Jerry
Please all of you stay away from investing in this scheme...HDFC Pesion Champion is chargins almost 1% a month. ICICI Pinnacle super is charging 0.25% with 10% gauranteed highest NAV lockin for 7 yrs.
regards...Jerry
Dear All,
I am also trapped with HDFC pension champion plan. The service charges are too high. You have to pay minimum three years premium and plan do not perform at all. I have lost almost 50% of my investment so far and do not know how much I will be losing further. All is a nexus of deceiving companies which snatch money of innocent and ignorant people like us. Please be aware and do not invest in HDFC pension champion plan.
Regards
Rakesh
I am also trapped with HDFC pension champion plan. The service charges are too high. You have to pay minimum three years premium and plan do not perform at all. I have lost almost 50% of my investment so far and do not know how much I will be losing further. All is a nexus of deceiving companies which snatch money of innocent and ignorant people like us. Please be aware and do not invest in HDFC pension champion plan.
Regards
Rakesh
Dear all
Always for tax Saving and investment products go for endowment policies where there will be fixed returns and investments will be for long term. No one can should expect returns from from ULIP policies in first 3 to 4 years due to charges. And whenever taking a policy from any company think about the claim ratio of the company.
If investments are to be made for short term please go for Mutual funds rather then ULIP life insurance policies where We can expect more Returns
If any one want to invest in any financial products in the market like Insurance, Mutual Funds, FD's, car insurance and health insurance (Bangalore Only) call us on[protected] and we would be happy to help choose you best products in the market
Warm Regards
Prashath GB
Priroity Wealth Management Pvt Ltd
wwwprioritywealth.in
Always for tax Saving and investment products go for endowment policies where there will be fixed returns and investments will be for long term. No one can should expect returns from from ULIP policies in first 3 to 4 years due to charges. And whenever taking a policy from any company think about the claim ratio of the company.
If investments are to be made for short term please go for Mutual funds rather then ULIP life insurance policies where We can expect more Returns
If any one want to invest in any financial products in the market like Insurance, Mutual Funds, FD's, car insurance and health insurance (Bangalore Only) call us on[protected] and we would be happy to help choose you best products in the market
Warm Regards
Prashath GB
Priroity Wealth Management Pvt Ltd
wwwprioritywealth.in
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With regard to your concern, we will be glad to assist you with the same. To do so, please write to us with the concerned policy number / Client ID in order to assist you better.
Further, we would like to inform you that we have a specialised Customer Grievance Team to take care of all the Customer Complaints. Hence, we would request you to visit any of your nearest HDFC Life Branch Office and submit a written complaint. For knowing the Branch Addresses please visit our website www.hdfclife.com.
Assuring you the best of our services always.
Warm Regards
Customer Service Team.