My mother was forcibly sold couple of HDFC policies by HDFC Bank. After that she closed her account in HDFC and moved to other bank. However, policy sold is performing even worse. One policy sold was a ULIP with premium of 2, 00, 000.00 per annum(Guaranteed Highest NAV). However after 3 years of premium payment, Fund value is almost the same when at the same time, market has doubled itself.
Whats the point of highest NAV when your policy is going to perform so poorly.
Any calls, emails or any other way of contacting their customer service is useless, since they have no reply at all to the situation.
My mother will be discontinuing with premium payments from this year and we’ll make sure we dont buy HDFC policy ever again