HDFC Bank — miss selling of insurance policy

Address: Mumbai

I am an imperia customer of hdfc bank ltd. For over a decade and in june 2015 my relationship manager along with her colleagues virtually coaxed me to buy hdfc life policy number 17778525. I was assured that the returns from this policy would be better than a fixed deposit as this is market linked. Now
After paying a premium of rs 1, 50, 000/- for five years which is rs 7, 50, 000/- the current value of the policy is only rs 6, 50, 000/-. At the time of buying this policy the sensex was at 18, 000 and went up to 42, 000 but the value of my holding had considerably depreciated. Letters written to mrs. Vibha padalkar, ceo of hdfc life remain unreplied and unacknowledged.

Customers should be extra careful before investing their hard earned money in such fraudulent schemes which are a trap. Hdfc has cheated me by totally miss selling a policy and have proved to be confidence tricksters.

Vipin buckshey (Padmashree)
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