[Resolved]  HDFC Bank — unfair insurance settlement

Address:

686574

I had got hold of the Sampoorna Samruddhi plan with a yearly premium of 50, 000 for 5 years. Total investment wasRs 2, 50, 000. It matured in the last month and maturity payout was Rs 2, 03, 355.9. Ie less than investment amount. Even though The HDFC Life promising their clients The Maturity Benefit is the Sum Assured, plus attaching reversionary bonuses, plus any interim and terminal bonus applicable, plus an additional enhanced terminal bonus if it is an Enhanced Cash Option. I was opted The Enhanced Cash Option
When I reported this Unfair Insurance settlement, I got very disappointing replay from HDFC Life service department, with the statement that the benefit will be payable if all due premiums under the policy have been paid. But I didn’t miss any yearly payments, the last payment Transaction ID was: HDFC4048164. INR 53571.00 on 02:46:28 PM IST on[protected]. (Interest RS 5, 069) Actual Premiums were RS: 48, 502

In effect, I had payed RS 2, 55, 069

When I delayed the last payment, I got multiple calls from your company. I forced to make the payment with a huge penalty for the last payment. If the due date is exceeded why you guys are accepted my payment and received so many concessions call and forced me to pay the money, that incurs a great deal of disturbance in my course of employment and mental trouble also.

Thus, I am eligible for the Maturity Benefit for the Enhanced Cash Option

It should be RS 2, 55, 069 +

Reversionary bonuses+ any interim and terminal bonus+ additional enhanced terminal bonus as per your commitment

That will be the true reflection of HDFC Life - New Vision & Values

Excellence; People Engagement; Integrity; Customer Centricity; Collaboration...

The maturity payout will shows the integrity of HDFC Life insurance Company

Otherwise, I will register a lawsuit in the Court against the company, including you and the agents involved in this cheating and robbery. At the same time, file a complaint with the RBI ombudsman. In addition, will escalate it to the top level HDFC life management

Thanks

Nicey Jose