May 14, 2013 01:13 PM
7593 Views
Canara HSBC Life Policy - ANOTHER set of hopeless policies in the market
NEVER ever go with them, ...God knows who is managing it. After 3 years, my fund is down by 10%, forget earning, and their policy is always deliberated so users cannot come out of the fund easily...we can’t take our money out till 5 years...and you know the penalty? 20% of fund value!! so if you are investing 5000 per month, and end up paying 180000 over 3 years, and you need your money back, first of all your fund will be 10-20% below what you have paid, say around 160000, and then on top of it you pay 35000 as a penalty and get back 125000!!!
Least user friendly, totally under performing, horrible exit clauses..makes me wonder if this is all good schemes to squander and make u run for your own money. I am stuck with this guys, but never ever make the mistake.
I am going to post this in as many forums as possible.
