I had no real banking experience with HDFC as I was always happy with ICICI . Somehow I had an account with HDFC and around 1lakhs in it( PPF return from employer) .I went to branch to close the account as I was not using HDFC for years at all.
An executive convinced me and sold me a bogus HDFC endowment plan without explaining the plan properly . I find this plan absolutely useless to me to have to keep paying for premium for at least 1 more year before I can shut down this plan. Instead I could have bought a term insurance which was my real need in much lesser price.
In my view HDFC executives should first understand the need to person and sells right plan to him, not otherwise.
Regards
Manish