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1.23 

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Mandatory home insurance loan disbursment
Jun 06, 2017 09:39 PM 14928 Views

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PNBHFL in BTM Layout, Bengaluru is coercing me to buy insurance worth 1, 20, 000 at the last minute when disbursement should happen. They have put me in a tight spot and are taking advantage of it. Despite my humble request over phone and in person, Neither Yogesh the Branch Head nor relationship Manager Satheesh helped me. The seller of the property I am planning to buy is not waiting anymore because this process has taken nearly two months now. When we submitted the application on 22nd with Girish in their BTM office, I clearly stated that I don’t want to buy any insurance and they accepted that it is not compulsory to buy and I don’t have to worry about it. Subsequently on several occasions I have made this clear to Govardhan who was helping me with documentation. Now when I have spent so much of time and waited for so long, they are bringing up the insurance and telling me to either buy it or take back the application. This is really unfair to me and unethical on PNBHFL part.


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