The premium for my HDFC Standard policy, with number 14106933 dated 28.12.2010, was payable by EMI via credit card. But without showing any valid reason, HDFC has changed the rule and charged the entire annual premium amount at one go at the first renewal; namely on 28.12.2012. Naturally, the entire annual premium is a very high sum and paying it at once is very difficult, beside the loss of the substantial interest amount.

They also levy several extremely high charges without any prior information. Their misrepresentation and misinformation in fact amount to fraud.