Hello Friends, I have taken out 2 policies and paying a premium of close to Rs.1 Lakh/per year for a sum assured of Rs.12 lakhs and for a period of 12 years. At the end of 12 years, I would have paid a premium of Rs.12 Lakhs, whereas at maturity I will get back only Rs.13.50 Lakhs. There is no option to opt out as the surrender value after 4 years of starting the policy is Rs.65, 000 whereas I have already paid Rs.4 lakhs till date. You cannot avail a loan on this policy and once you start, you have no option other than continue to see your hard earned money going down the drain.
==STRONLY RECOMMEND THAT YOU STAY AWAY FROM HDFC STANDARD LIFE. ==