HDFC Bank — loan against bharti axa policy

Address:Indore, Madhya Pradesh

Dear sir/madam

I got the call from hdfc bank finance ltd from delhi branch,
Caller name is sameer sharma & female caller name is priya malhotra
They offered me 5 lakh rs. Loan at 0% interest rate against bharti axa life insurance policy they told me to pay 50000/- rs. As a first annual insatllment
Against it.
So please tell me whether it is true or they are fooling people.
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