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IDFC Bank RM is Mis-Selling ULIP's

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gauti04

gauti04

TF Buzz
My RM from IDFC bank promised me over mail to upgrade my account to private variant if I invest into ULIPs.

But now after the investment, he is not upgrading it and just wasting time from past 1 month.

So how should I proceed here ?
1. Is there any nodal officer concept in IDFC to take complaints ?
2. Or should I reach out to RBI ombudsman regarding this unethical practice ?
 
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gauti04 said:
My RM from IDFC bank promised me over mail to upgrade my account to private variant if I invest into ULIPs.

But now after the investment, he is not upgrading it and just wasting time from past 1 month.

So how should I proceed here ?
1. Is there any nodal officer concept in IDFC to take complaints ?
2. Or should I reach out to RBI ombudsman regarding this unethical practice ?
Click to expand...
damnnnnnn.. bro ULIP amount? cause i took investment route and account did upgrade to private it took over 45 days though.. cause of holiday so always count business days. if RM have promised then upgrade should happen.
 
ENIAC said:
if 1 month is not over check for free- lookup of the policy and warn your RM over mail for same
Click to expand...
Yes. Free-lookup is there and I already warned him that I will cancel the policy on 28th day of the policy.
In spite of that I don’t see things moving.
 
vaibhav111 said:
damnnnnnn.. bro ULIP amount? cause i took investment route and account did upgrade to private it took over 45 days though.. cause of holiday so always count business days. if RM have promised then upgrade should happen.
Click to expand...
He had promised to upgrade within 15-20 working days and fortunately free look up period of 30 days will end after that.
My query was that what action can be taken against such unethical practices.
Is there anyone with first hand experience ?
 
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gauti04 said:
Yes. Free-lookup is there and I already warned him that I will cancel the policy on 28th day of the policy.
In spite of that I don’t see things moving.
Click to expand...
dm me the amount of ULIP, cause i can check if it really gonna move or not. and i have no information if ULIP you took is good or not, so i hope you did due diligence how good that ULIP is, the amount I'm interested in cause when i upgrade to private, my need wasn't private but private cc always my target got private account upgrade and kit/DC but no CC. so you want to maximum IDFC DC through canara setu for that 2.5%? some big expense coming through if not cancel the plan seriously it pure waste of time and energy.
 
vaibhav111 said:
nahh bro mutiple options you can take.. to upgrade but i won't recommended anyone to upgrade to private expect if you're UHNI
Click to expand...
Why are you saying that ?
If a person is able to satisfy one of the many criteria to upgrade even when he isn’t UHNI then what problem do you see there ?
Please elaborate.
 
gauti04 said:
He had promised to upgrade within 15-20 working days and fortunately free look up period of 30 days will end after that.
My query was that what action can be taken against such unethical practices.
Is there anyone with first hand experience ?
Click to expand...
no experience in complain would tag people who some sort of experience need to check some thread and tag them, till then check my other comment and tell us why u wanna upgrade to private?
 
BVC said:
Only ULIP works for Private upgradation?
Click to expand...
if you ever thought of upgrading never take investment route, give 1cr and take any private account it much better route, or DM once you have 1cr for induslnd pioneer you can put 1cr and invest rest in stock or anywhere and close your account after a year cause who actually keep 1cr in account AQB basis.
 
vaibhav111 said:
if you ever thought of upgrading never take investment route, give 1cr and take any private account it much better route, or DM once you have 1cr for induslnd pioneer you can put 1cr and invest rest in stock or anywhere and close your account after a year cause who actually keep 1cr in account AQB basis.
Click to expand...
Indusind pioneer doesn’t need 1 cr. It just needs 10 lakh as initial funding.
I think you wanted to talk about Indusind Pioneer PRIVATE, isn’t it ?
 
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