HDFC Bank Life Insurance Company — refund of life insurance premium

Address:	Mumbai City, Maharashtra
Website:	www.hdfclife.com

I am sarat chandra behera and my wife is mrs. Usha behera. I am a retired bank employee.

There was a telephonic call from mob. No. [protected] stated to be ravi malhotra from hdfc bank to me to avail zero interest loan. I responded and he told to take a policy of hdfc life insurance to avail the loan. He told that loan of rs.10.00 lacs will be granted against the insurance policy of sum of rs.10.00 lacs for a term of 10 years with half yearly premium of rs.50000/-. He also told that the loan will be liquidated automatically from the maturity proceeds of the insurance policy. Mr. Malhotra also had told that if the insurance policy is taken in the name of my wife that will also hold good. A person came to my house and got the loan application form bearing no.[protected] signed by me and the insurance application form signed by my wife. The insurance premium cheque was handed over to him. All the relevant documents, viz copy of pan card, my it returns, address proof, bank account details were handed over to him.

Insurance policy no.19489018 was issued. I was told get the signature of my wife in the original policy and send it to hdfc. As guided to me the policy was forwarded. After some days telephonic queries were made and i replied. It was informed to me that a loan of rs.10.00 lacs has been sanctioned and it will be credited to my sb account within a few days. After some days i was told that i will have to pay rs.1.00 lac towards premium instead of rs.50, 000. I did not agreed to that. Till then i was in contact with mr. Ravi malhotra.

There after mr. Malhotra informed me to contact mr. Dharmendra mob. No. [protected] for onward transaction. I had contacted mr. Dharmendra and told him that i am not ready to pay additional premium and requested him to cancel the loan deal. He had assured me that the loan would be cancelled and the premium will be refunded to me. I had agreed for deduction of tax if any.

I am trying to contact mr. Dharmendra from october, 2017 but no refund of premium has yet been made. Now a days i am unable to contact mr. Dharmendra sine most of the time his mobile is switched off.

I am fade up with the things happened to me. Please take care and arrange to refund the premium at the earliest.

Regards

Sarat chandra behera
Mob: [protected]
A-304, vesta, lodha paradise
Majiwada, thane west
Pin -400601
Mail id: [protected]@gmail.com