HDFC Bank Standard Life Insurance Company Limited — Mis Sale of Insurance Policy

Address:

Mumbai City, Maharashtra

I am a victim of MIS SALE OF Insurance Policy sold to me by the so called Agents/Consultants Executives of this Company. I was told is a once time payablle Policy with Bonus and Medical facilites the Policy can be cancelle d within 60 days if these terms are now found in the Policy documents. I was out of two for 3 weeks, the Policy was delivered at my address On checking on return I found the Policy cancellation period is 15 days and it was already over and mention of benefits. Policy document is changed as Payable for 10 years Rs. 99000/- When I tried to contact the person who sold the property on phone not answering the calls at all The refused my cancellation Policy citing 15 days period is over. When the Essence of Contract is 15 days such documents should be delivered personally to the Policy holder and it is illegal unethical business practice, to stick to 15 days time. The Co. knows the large scale fraud/cheating takes place in this industry with the full knowledge of the Co. which I have noticed in full page paper add given by the IRDA. The Co. and Agents both are party in this criminal activities and theat the innocent public. My Policy no.51938784 t. 6.12.14 Rina 0 [protected]