HDFC Bank — Classic Assure Plus..

I want to inform you that HDFC representive had been cheated to sell the policy of hdfc classic assure plus.

They told me the benefits of policy are as follows:

1) If you invest 1 lakh premium annually for seven years. After 10 years maturity you get the returns of amount 17 lakh.

2) The policy holder will get the loan benefits of 10 times to the first premium, within 3 months, to the date of issue, it means Rs.10 lakhs loan.

3) The loan amount & the interest will be deduct in the maturity amt. that means Rs.10 lakh loan amount & Rs.1 lakh interest amt., will be deduct in the maturity amt & the balance amt of Rs..6 lakh will be return to the policy holder.

I require the loan so i thought this is the best option so i go for this policy but i couldn't know that this will be the fake or cheating.

I had gone through the name of HDFC Life. Also i paid the amt of Rs.99, 999/- in favour of HDFC LIFE against cheque no.691927 dt.27.05.2015. So I never thought that there will be any fraud or cheating by such kind of company.