Hello people, --HDFC SL Crest POLICY --Shocking CHEATING ---Never ever fall trap into any of HDFC policy.It is nightmare, they cheat you so openly with no hesitation. Firstly the sales guy doesn’t have any information on charges or if he has he is told not to disclose any of the information. I bought HDFC SL crest policy on Jan 2011 and it is said to be share market linked plan.
The sensex was around 15000 at that time. as on today the sensex is 19500, can any of you guess whats my policy is worth of today, its -2500 rupees.Yes its negetive 2500. I invested my hard earned 50000 anual and today its value is 47500.let me share their cheating at every stage step by step. very first when you invest say about 50000 your policy is allocated units worth about 47000 only, not sure what happened to 3000. and the funny part is when you pay 50000 for next year again you are allocated units worth 47000 only so its recurring. then they charge monthly administration charges of 350 rupees which amounts to 3800 annually.
Now see the best part they use your money, invest in the market earn decent 300% and also steal your hard earned money too. just imagine the market has increased from 15450 to 19500 in a year and I see 3500 loss on my policy, just unbelievable. Honestly the HDFC agent who are employees hide every possible information and trap all your hard earned money.in just about 6 months all whom you spoke would have left the company and changed the phone no. and lastly I heard if you want to cancel the policy and withdraw your own money it will attract heavy charges so you are trapped there too.end of the day chances are after 7/10 years[policy term] your money may remain same if miracle happens or surely they make sure its few 10 thousands less then what you invested.
I had good regard for HDFC as bank, but now am just closing their account and also get back my money on this policy. At least I am going close all my association with this bank right now. I totally lost all my trust I had on them, It was all my hard earned money. I really did a biggest mistake investing without much analysis. Please do proper investigation before you invest anywhere. I will be happy if this review has helped some people who really care for their hard earned money..