Fraud Telemarketing offering loan against policy

Hello Sir,

My complaint lies against HDFC that by telemarketing their executive from Delhi office Sonal Sharma (+918459701664) offered me loan of 20L for which i needed to buy a policy of 50K INR from HDFC Life Insurance. At the time of buying policy i should not disclose about loan or offer to HDFC Life Insurance. Falling for their words i did the same.

Their commitment was that i will get policy approved and documents within 7 days and loan amount in my account within 30 days, however i waited for 30 days for the policy and almost 2 months for loan amount to be disbursed.

After continuous follow ups after 55 days i came to know from Sonal Sharma that the amount will be disbursed in my account by 25th Sep 2014, however suddenly another executive called and told that my case stands in rejection for reason which is still not told me.

Now my money is with the bank and none of them are answering my phone calls as to know about procedure to take back my money. they simply told me that policy amount will be refunded to me within 45 days. This started from 18th July 2014 week and till date case is not settled, request your kind help to get me back my amount from the bank.

Thanks…