Dec 16, 2015 07:04 PM
35686 Views
Well it all dates back to nov, 2012, when I requested preeminent hdfc bank of city to render me with student loan for abroad studies and they coming up with conditions of taking max life insurance policy literally forcing the policy on us . I will walk you through with me how it all turned out till date:
Initially misguided about the plan and being vague of 20 year long stretch of this policy .
After first premium of 50, 000 we asked to surrender the policy and get the money back with no interest but they denied and advised to complete minimum three premiums(reduced paid-up) before withdrawing something that would have been around 2 lakh according to them.
Three years are over and people in bank are denying over any three year process of reduced paid up blaming company or others and asking to pay three more premiums to take the stretch to six years.
At present, they are rendering us with 60, 000 in return for 1.5 lakh and giving us false notions of losing money even after this'Reduced paid up' scheme over maturity of 20 years if we don't pay premiums upto six years .
We are not paying anymore premiums, all we want is our full money back with or without interest, I suggest you not to ever take these policies ever and I request max life here not to reply with same cliche posts of' we are sorry for your inconvenience and you may contact with our customer service' because that would simply be useless like all your policies, I wonder if there are certain big lawsuit organisations that could debunk the falseness of these policies and salvage people from these legal frauds .
