Aug 23, 2016 02:44 PM
34058 Views
Third RATE Co. I will take this up with Deepak PArekh and the ministry of Finance.
Dont touch their sales people. They blatantly LIE and hide all the bitter deductions.
Every investor must have a "Family Financial Planner" to decide on investments with best returns
These guys (HDFC) are worse than LIC
I selected this policy based on assured returns . This could help me plan my son's education.
This has been a big let down because they only told me the best parts
They talk of returns of 12% per annum, but after deductions such as Premium allocation, policy administration, Fund management, Mortality deduction, a client is left with 4 to 5%.
HDFC need to be questioned by the IRDA for malpractices and false information.
Go for S.I.P.s or Bank FDs or if you are brave then check out the equity markets.
To sum up . this has been a huge dissappointment
I am withdrawing from this policy immediately
What every Co. like HDFC should do
Give a printed paper mentioning the market risks, deductions, gross returns, nett returns for the specific person and the specific policy
The draft document should be given to every client before the money is collected
A complete financial picture should be given to every prospect for him or her to understand the profitability
