Infinia Infinia Against ULIP?

[sonuyos]

I got an offer from HDFC RM, saying I can get Infinia (I have no shot at getting it directly without waiting for like years. As it took them 8yrs to upgrade my Moneyback to Millennia card.)

If I go thru FD backed route it will be - 7.20% interest rate on 10lk fd. I straight up lose 5-7% on 10lk = 60k roughly every year.

They said to pay 2.1lk to get the card and of which I can surrender the Policy if I want after 1yr, and get back roungly 103-108k back.

In return they will give me Infinia Metal with a guaranteed upgrade (giving me in writing over email) to Infinia Reserve once the card launches.

Plus the card would be 3 yrs free.

Should I go for it?

Edit : Did not go with it. As many pointed out, the cost doesn't justify the card, especially after the 2:1 accor devaluation.

 

[Vasuki]

2.1lk for 5yrs (though they saying i can surrender next yr and still continue the card).

Amex Plat is useless for me, I don't stay in Marriott. I stay exclusively in Accor.

Explain the ulip being sold to you in detail

& Ulip is usually 1 -2 payment per year..

 

[Zacobite]

I dont keep Emergency funds.

excellent.. since you are so confident of generation of 15 % return.. and have such high spends of 50-80Lakh..only keeping your biz in hdfc is enough to get Infinia.. else threaten to move elsewhere.. no reason for not getting infinia with these numbers

 

[sonuyos]

I travel a lot, locally and internationally, so i will use the lounge benefit quite consistently, and hotel benefit too (apart from Marriott)..

 

[sonuyos]

FD or ULIP?

 

[Zacobite]

FD or ULIP?

nothing.. only banking

 

[sonuyos]

I have tried everything, i got Imperia banking plus PMS with them.

Yet I was stuck on Moneyback card for 8yrs.

 

[sonuyos]

kam daam dand bhed, everything, they wouldnt bulge.

So I moved my funds to Axis for MB.

 

[Zacobite]

I have tried everything, i got Imperia banking plus PMS with them.

Yet I was stuck on Moneyback card for 8yrs.

poor fella.. You have been. scammed like royally if everything you have said is true.. you definitely need to find another bank. and you have. been v casual with this for someone with so much $$

 

[SSV]

I travel a lot, locally and internationally, so i will use the lounge benefit quite consistently, and hotel benefit too (apart from Marriott)..

Instead of all over the place, in a single post,
1) explain your current cc profile
2) your relationship with hdfc, details
3) your past and projected spends
4) a few more details about ULIP .
5) had you not invested in ULIP what would you do with that money and how much would you get on that??

Please post this in a single post

 

[Zacobite]

kam daam dand bhed, everything, they wouldnt bulge.

So I moved my funds to Axis for MB.

from the frying pan straight into the fire.. Axis.. Oh God.. I wd recommend a SCB or HSBC bro for your numbers

 

[sonuyos]

Trust me, if i was lying, i wouldn't be this frustrated with HDFC. Imperia is just naam ka, Acc to their page, i should get a "premium card"

Regalia tak nahi diya aaj tak.

 

[sonuyos]

Atleast Axis is consistent and give the cards and benefits they promise.

 

[Zacobite]

Instead of all over the place, in a single post,
1) explain your current cc profile
2) your relationship with hdfc, details
3) your past and projected spends
4) a few more details about ULIP .
5) had you not invested in ULIP what would you do with that money and how much would you get on that??

Please post this in a single post

he says 50-80 L a yr SPEND, Imperia + PMS and they are making him grind for infinia.. something fishy for sure

 

[Zacobite]

Trust me, if i was lying, i wouldn't be this frustrated with HDFC. Imperia is just naam ka, Acc to their page, i should get a "premium card"

Regalia tak nahi diya aaj tak.

View attachment 48129

your BM. and RM. are cheats..

 

[HumorSimpson]

I have tried everything, i got Imperia banking plus PMS with them.

Yet I was stuck on Moneyback card for 8yrs.

Threaten them that you will close your relationship with them

 

[SSV]

he says 50-80 L a yr SPEND, Imperia + PMS and they are making him grind for infinia.. something fishy for sure

If this is the case,
There is something seriously wrong with either
1) the Bank or
2) the customer

 

[sonuyos]

1) explain your current cc profile
50-80lk yr a spend, major in Insurance of myself and my family only + Traveling abroad so forex spends.

2) your relationship with hdfc, details
Imperia Account + PMS, Had moneyback received in 2017, last week only got upgraded to Millennia after mailing and threatening them for past 1yr.

3) your past and projected spends
Same as mentioned on 1st point

4) a few more details about ULIP.
Tata AIA Life Insurance Smart Sampoorna Raksha - 2.1lk for 5yrs (thought they say that I can cancel after 1yr and get back 103-108k depending on ULIP performance).

143k goes towards the investment before mortality charges and FMC. They give double return after 10yrs i.e. 7.2% Return for Mortality charges and fmc.

They asked to put Tata Multi cap & Tata Top 200.


5) had you not invested in ULIP what would you do with that money and how much would you get on that??
Yes, did not enjoy as much, as I could fetch better returns other places. So withdrew and invested in other places

 

[HumorSimpson]

Trust me, if i was lying, i wouldn't be this frustrated with HDFC. Imperia is just naam ka, Acc to their page, i should get a "premium card"

Regalia tak nahi diya aaj tak.

View attachment 48129

HDFC knows this game well.

 

[sonuyos]

Already tried.

Escalation Team said, karlo band card.

 

[Vasuki]

I travel a lot, locally and internationally, so i will use the lounge benefit quite consistently, and hotel benefit too (apart from Marriott)..

Better get lounge oriented card for peace

Atleast Axis is consistent and give the cards and benefits they promise.

True in this regard