I had a very bad experience with the HDFC Executive I would suggest not to go with it until you got email from their HDFC ID about their promises and never translates your payment to EMI’s. Please read below my experiences with them.
Note: RD with with 2500 every month for 10 years will give you 1 lakh profit where as 2500 per month in this policy will be the same as your amount it is 4% even if 8% also what they are promising will not be higher after 15 years. Please calculate your financial things with different options before going for any long term investment plans with these insurance companies.
1) I took two policies Term Plan & Child Plan.
2) Child Plan: Regarding the death benefit what executive said and what HDFC offer is different. When I cross check with customer support call there is huge difference in the benefits. Because of which I lopped in taking a policy.
Note: please read the instruction all executives will give false information & they never lift ur call or contact once u took the policy. What ever the benefit they said ask from hdfc mail ID so u can fight.
3) In term plan executive said cash back 3000 will be there. Which is false promise.
My experience: Policy worth is 16000 and they said 3k as cashback after 45 days of policy ensured. But that’s a false promise you will not get that & U keep ending tired calling the executive with NO response.
4) When I called customer care they there is no such things in policy and we should have at least a mail from executive to give complaint against the executive.
5) CHILD plan I took yearly 60k I told the executive it I will pay quarterly he told that no interest charges will be there it will be the same and he pushed me to make complete payment on my credit card and converted to EMI. Until I got the statement I was not aware of Interest charges(I should accept it’s my fault). But I caution people to don’t believe such false promises and once u paid the money no executive will like to take your phone because they will only see their targets they will not count our hard earned Money.
Finally what my experience says is don’t believe false promise from them. Take everything in a mail before you commit other we will be in Loss.* Executives will always busy / not pick the phone
Note: I read all the negative reviews in mouth before I commit to the policy. But not taking reviews in to count I bought the policy which made me to loose my money & more than that executive whom I paid the money never responds to my call but he called me countless till I take the policy this the case with any body so be aware when you take the policy.