Infinia HDFC Infinia - HDFC LIFE Insurance

[Legionomous]

I just got a call from someone (claims to be Wealth manager) from HDFC LIFE team who claims that I can get a definite approval of Infinia Metal if I park some of my funds in one of the MF (Discovery Fund to be specific) for 5 years. Is this even a good idea to go ahead with this scheme? The amount I am asked to invest is little less than 2.5 lakhs. I already hold a salary account with HDFC and the call doesn't seems to be a spam call as they were able to provide me with all the details about my account including which credit cards I hold with HDFC.

 

[Deleted member 21942]

Even when you purchase mutual funds from HDFC, they sell you "regular" mutual funds, which gives 1-2% lower returns than "direct" mutual funds purchased via Zerodha/Groww/Paytm.
So, even when you purchase funds worth 10-20L or more to get Infinia, you will probably lose more than 12500 in lost fund returns YOY.
Also, a lot depends on the mutual fund offered. Not all funds give good returns, so it might so happen that banks push you to buy a low yielding fund just to increase funds AUM, while you don't get any tangible returns from that particular fund. Overall your loss in that case.

A lot of people here I see are so lost in their pursuit to get a Infinia, that they make bad financial decisions. It seems to me that "In search of Gold, people are losing diamonds".
Any investment related strings attached to Infinia (FD/ULIP/MF via bank) or any other card is a bad deal for the customer, in most of the cases. 😑 😑

✅ Absolutely agree with this 💯% ✅

 

[Deleted member 9785]

✅ Absolutely agree with this 💯% ✅

gold is more valuable than diamonds. Just try selling both in the open market 🙂

 

[Deleted member 21942]

gold is more valuable than diamonds. Just try selling both in the open market 🙂

Try investing some lacs of rupees in ULIPs and you will come to know in a few years whether you got a pure gold or a gold plated aluminium 🙂

 

[Legionomous]

I am curious to know what did you do, how did it go?

I declined the offer.

 

[Lobogris]

I am curious to know what did you do, how did it go?

I got my Infinia via this route last week. Worked quite well.

 

[Yugi]

I got my Infinia via this route last week. Worked quite well.

Glad to know you got it. Happy swiping.

 

[kvndsz512]

I got my Infinia via this route last week. Worked quite well.

waaaaoh nice sexy af 🤗

 

[BVCBVC is verified member.]

I got my Infinia via this route last week. Worked quite well.

Did you request them to give it on MC world?? Usually they give it on Visa Infinite right??

 

[kvndsz512]

Did you request them to give it on MC world?? Usually they give it on Visa Infinite right??

u can switch variant i guess easily

 

[Aditya12]

I got my Infinia via this route last week. Worked quite well.

So was it 2.5L total investment in MF for 5 years or 2.5L every year for 5 years?

 

[Everybody]

So was it 2.5L total investment in MF for 5 years or 2.5L every year for 5 years?

2.5L every year for 5 years.

 

[mitesh1816]

How long did it take after the investment to generate card, I also went throughthe same process and it's been. More than a week.
Is your card declined in this process before it was approved?

 

[Lobogris]

How long did it take after the investment to generate card, I also went throughthe same process and it's been. More than a week.
Is your card declined in this process before it was approved?

It takes about 2 weeks. Mine wasn't declined at any time. Even if you got a decline message, the RM will likely get an approval to get it issued.

 

[elite34700]

It takes about 2 weeks. Mine wasn't declined at any time. Even if you got a decline message, the RM will likely get an approval to get it issued.

Unless RM plans to come back and tell you sorry policy is not allowing me to

 

[Nikhil@Mannar]

It takes about 2 weeks. Mine wasn't declined at any time. Even if you got a decline message, the RM will likely get an approval to get it issued.

I got decline message from credit card team but RM told that she will get approval.

 

[Lobogris]

I got decline message from credit card team but RM told that she will get approval.

Then wait for it. Most likely she will be able to do it in a few days.