How to cancel hdfc life insurance .

[hsaikia06]

My father (63) tempted by bank agent opened a HDFC Gurrentred Life Insurance Plan with a Yearly Premium of 1 lakh and today they have taken all otps and payment of 1 lakh 4 thousand with GST for the plan. They lured us by saying that we can withdraw the amount any time after 1 year and get the 1 lakh . But in the policy I see the Special Surrender Value is 66435 Rupees. That means I will lose the 34000 k right if I withdraw the plan. After reaching home I contact the bank to cancel the policy and they are insisting me to keep the plan. How to cancel it. They are not willing to cancel it. Money already debited for first premium. If we manage to cancel it somehow will I get the full refund with GST or not. Please help and clarify my doubt

 

[glnarayanan]

When did your father take it and when was the insurance issued? There's a free-look period of 15 days within which the insurance can be surrendered without any penalty, with full premium refunded. If you are withing the 15 day period, raise the cancellation and refund request ASAP, including in writing (via email) and also via the call center. Get your service ticket number ready.

 

[j_s]

I am assuming this is recent.

If this is within the free-look period, call them on 022-68446530 and ask them to cancel the policy.

 

[hsaikia06]

Today 16 October

I am assuming this is recent.

If this is within the free-look period, call them on 022-68446530 and ask them to cancel the policy.

 

[SSV]

My father (63) tempted by bank agent opened a HDFC Gurrentred Life Insurance Plan with a Yearly Premium of 1 lakh and today they have taken all otps and payment of 1 lakh 4 thousand with GST for the plan. They lured us by saying that we can withdraw the amount any time after 1 year and get the 1 lakh . But in the policy I see the Special Surrender Value is 66435 Rupees. That means I will lose the 34000 k right if I withdraw the plan. After reaching home I contact the bank to cancel the policy and they are insisting me to keep the plan. How to cancel it. They are not willing to cancel it. Money already debited for first premium. If we manage to cancel it somehow will I get the full refund with GST or not. Please help and clarify my doubt

Today 16 October

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You have 20 minutes left before today’s close of business hour

1800-266-0315

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