[Resolved]  HDFC Bank — super income plan cancellation

Sir,
I am deepa keswani from indore. I have purchased hdfc super income plan with the policy numbered 21170298 for an annual premium of rs 50, 000/- with premium paying period of 8 years. The duration of the policy is 16 years. I was convinced to buy this policy by rbl relationship manager indore.
I was explained in the form of illustration that at the end of 8 years, i will be getting rs 3, 50, 000/-. Then payout of rs 40, 000 per year will start and be given till next 8 year and at the last 16th year i will be getting about rs 7, 20, 000/- (In total) with the investment of 4, 00, 000/-. I agreed to this and submitted a cheque of rs 50, 000/-, bearing the number 301646 dated 14th feb 2019
I received an email documents on 15th feb 2019, however now i believe the policy is not right for me. I have had second thoughts and believe that the expected returns in the plan will be low, considering the long duration of 8 years during which the money will be locked. I am likely to face financial instability in the near future as i need money. As i am in 15 day free-look period i intend to cancel my policy at the earliest.
Please let me know the cancellation and refund procedure.
Thanks and regards
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Mar 24, 2019
Complaint marked as Resolved 
HDFC Life customer support has been notified about the posted complaint.
Verified Support
Feb 19, 2019
HDFC Life Customer Care's response
Hi, if policyholder have any unresolved concern with respect to his/her HDFC Life policy. Kindly inform to the customer that write to us at [protected]@hdfclife.com from his / her registered id to have the same look into and addressed.
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