[Resolved]  HDFC Bank — cheated ! hdfc classic assure plus

Address:

638002

My husband opted classic assure plus plan in jan 2016.

Policy number: 18132977

Client id: 97542416

Sum assured: 2, 43, 426

Policy term: 10 years

Paying term: 7 years

So far i paid two yearly premiums. When i went into the policy document, details provided by your hdfc life executive was totally different from the document provided.

Executive told, at the time of maturity, you will receive between 6, 09, 781 (4% interest rate) and 6, 88, 894 (8% interest rate). Let me share the calculation provided by him

Executive told below are guaranteed benefits,

Revisionary bonus: 3% for 7 years

243426 % 3 = 7302.78

7302.78 * 7 years = 51119.46

Guaranty bonus: 8% for 10 years

243426 % 8 = 19474.08

19474.08 * 10 years = 194740.8

Terminal bonus: 2% for 10 years

243426 % 2 = 4868.52

4868.52 * 10 years = 48685.2

Total guaranteed benefits= 51119.46 + 194740.8 + 48685.2 = 294545.46

Non-guaranteed benefits were between 4% and 8%

4% = 71811

8% = 150924

Total benefits at the maturity is sum assured + guaranteed benefits + nonguaranteed benefits

4% = 243426 + 294545.46 + 71811 = 609782.46

8% = 243426 + 294545.46 + 150924 = 688895.46

But when i checked same with helpline member they were saying we ll not receive 6lakh + amount during maturity.

I have raised lot of complaints @service and havn't got any clear clarification.

My simple question : what will be my maturity amount???