Dear Sir,

Sub: Mis-Sale of product and non cancellation of policy on false grounds

I will like to inform that a policy was sold to me by stating that the policy is having a guaranted return of 10% and the same will be forming part of the policy document.

When the policy was actually issued the same was not containing the guaranteed return clause and consequently i have send the policy with a cancellation request letter.The company is not cancelling the policy inspite of sending all the documents to them on the grounds that the policy has been received by them but the cancellation letter was not received by them in the free look period of 30 days.Now since the premium was linked to the HDFC credit card the credit card people are continously levying interest and collection people have been send to my home causing harrasment.

Request you to kindly help me in this regard.

Regards,

Navin Jhawar
9903018717

I have had a very similar experience with HDFC. I did not so far go for cancellation but suddenly the monthly EMI premium was changed to annual. The premium was very high, paying it in a single instalment is very difficult besides the substantial loss of interest involved.

Several charges that they levy are also not mentioned while taking the policy out.

Arindam Sengupta
Kolkata

Originally Posted by navinjhawar

Dear Sir,

Sub: Mis-Sale of product and non cancellation of policy on false grounds

I will like to inform that a policy was sold to me by stating that the policy is having a guaranted return of 10% and the same will be forming part of the policy document.

When the policy was actually issued the same was not containing the guaranteed return clause and consequently i have send the policy with a cancellation request letter.The company is not cancelling the policy inspite of sending all the documents to them on the grounds that the policy has been received by them but the cancellation letter was not received by them in the free look period of 30 days.Now since the premium was linked to the HDFC credit card the credit card people are continously levying interest and collection people have been send to my home causing harrasment.

Request you to kindly help me in this regard.

Regards,

Navin Jhawar
9903018717