ULIP / INSURANCE Relief for Infinia Upsell - Throw back mis-sold policy

[Zacobite]

For all those who want to buy ULIP / other plans to get infinia.. KEEP WAtCH in case you feel cheated and want to throw back the policy



www.economictimes.com/wealth/insure/new-insurance-rule-30-day-free-look-period-now-to-return-unwanted-mis-sold-policies-how-much-will-you-get-back-from-insurer/articleshow/109263240.cms

 

[Zacobite]

It’s already known, 30 day free look period already exists for online insurers and I believe there is no need of a separate thread

This is for all just announced.. not for online insurance only..

 

[Zacobite]

Yes, understood.. but I don’t think it needs a seperate thread

Dont see another one.? You know doesn't mean everyone does..

 

[V360]

For all those who want to buy ULIP / other plans to get infinia.. KEEP WAtCH in case you feel cheated and want to throw back the policy



www.economictimes.com/wealth/insure/new-insurance-rule-30-day-free-look-period-now-to-return-unwanted-mis-sold-policies-how-much-will-you-get-back-from-insurer/articleshow/109263240.cms

If someone wants to buy ULIP/other plan to get Infinia, then why would they feel cheated.

They are already know what they are getting into.

Please tell us if we haven't understood anything from this article.

 

[Zacobite]

If someone wants to buy ULIP/other plan to get Infinia, then why would they feel cheated.

They are already know what they are getting into.

Please tell us if we haven't understood anything from this article.

it was a joke dude...that now there is more time to go back on a decision

 

[techt]

This is for all just announced.. not for online insurance only..

Means ? Who announced what ?

 

[Zacobite]

For offline people it was 15 days.
For online people - 30’days

Now they made it 30 days for everyone…

What’s is big thing there

Let the users decide what is big for them or not.. it is big for me and i think an important change..

 

[ccdc]

lol...they'll issue card after 30 days....simple....anyways prev also they used to do "things" only after free look period got over...

 

[Zacobite]

lol...they'll issue card after 30 days....simple....anyways prev also they used to do "things" only after free look period got over...

yeah so march end pressure will. move by 15 days as well

 

[Centurion_wala]

For all those who want to buy ULIP / other plans to get infinia.. KEEP WAtCH in case you feel cheated and want to throw back the policy

What's new in this? People are already doing this-
Sometimes I feel very lucky with the fact that my RM doesn't call me for FDs or Ulips😅

 

[Zacobite]

What's new in this? People are already doing this-
Sometimes I feel very lucky with the fact that my RM doesn't call me for FDs or Ulips😅

nicely done.. not everyone is as fortunate or savvy

 

[sxchzy]

great now expect infinia devaluations as well

 

[Animal]

What's new in this? People are already doing this-
Sometimes I feel very lucky with the fact that my RM doesn't call me for FDs or Ulips😅

This might be a one-off case. Hdfc will definitely plug the loophole.

 

[Centurion_wala]

nicely done.. not everyone is as fortunate or savvy

This might be a one-off case. Hdfc will definitely plug the loophole.

It's not a single case. Not everyone is going to tell publicly, but here's another case-

 

[m4b]

Eagerly waiting for Infinia Devaluation
~ M4B user.

 

[ccdc]

Eagerly waiting for Infinia Devaluation
~ M4B user.

eagerly waiting for every cc/dc supreme devaluation
- serial cc/dc abuser

 

[TheGuy]

eagerly waiting for every cc/dc supreme devaluation
- serial cc/dc abuser

honestly it is just bad banks making bad products. if banks had intention they would be transparent and straight (non bending).
if bank wanted to control misuse, they could always ask for documents to prove spends were in our name rather than rotation or commercial use. they could control access, like earlier axis, limit card issuance like ace and airtel. they could make sustainable products like PSBs (ex sbi).

i just want good, fair and long lasting products. sadly there has not been 1 of that kind in the last 5 years.

 

[Pradumya]

For general knowledge - for all the policies, offline purchased policy, the free look period is 30 days from policy issuance date.
For online purchased policy the free look period is 15 days from date of issuance of policy

Update - from all policies issued after 1 april 2024 the free look period is 30 days for all policies.

 

[Riya Sharma]

How does ULIP via RM work? Will he di everything on the phone or will I have to visit branch?

 

[shashankrt]

Eagerly waiting for Infinia Devaluation
~ M4B user.

You do realize that M4B will not be LTF forever and Axis can easily pull the plug anytime. Also unlike other banks, HDFC does not hand our premium cards like candy. Heck even getting Millenia is a challenge unless you are not in particular income category.
Hence though Infinia devaluations will occur, it will not be like Axis where they overnight killed their CC business and now advertising like idiots to increase their CC sales.