[Resolved]  HDFC Bank — hdfc life sanchay plan

Do not trust any hdfc representative. Take whatever they promise on letterhead with signature or customer is wrong, that is hdfc policy. If any representative speaks lies to sell the policy still no action will be taken up by hdfc as long as they are making money. A customer is expected to read the policy cross confirm everything in policy else he will lose his money and he himself is to blame.
I was sold hdfc sanchay policy where i was assured certain amount of return after three years by reprenstative of hdfc life in presence of hdfc bank rm. After three years when i went to surrender the policy i was told i would get less than half the amount of premium paid. The onus is on me to have understood the policy, to know how traditional policy works, and my biggest mistake is i trusted hdfc representative for which i have to pay penalty.in any hdfc sanchay plan if you surrender before your pay term, you lose money and get less amount then the premiums you have paid. Eg if you are paying premium of rs 50, 000 per year and pay for three years and want to surrender, after paying premium of 1, 50, 000 you will get hardly rs 61, 000. Rest is gone. Even after 9 years of premium paying you get less amt than total premium paid.
If any agent comes to sell any policies or any product from hdfc be sure to cross verify with ca or you will lose your money.