HDFC Bank – Loans Only after Insurance Policy

dear sir

Hdfc bank officer has told if you need loan you have made policy . They are daily force to give cheque . We are given three cheques son of Mr. Shantilal Jain; proprieter of M/S. tarachand rameshkumar, Mr. Nirmal Jain and Mr. Pradeep jain and proprieter of M/s. nirmalchand pradeepkumar Mr. Roshan Jain. They are present cheque before loan amount deposite in our account. We are daily complaining to HDFC Bank to freelock the policy and refund whole amount. They are not taking any action to refund and wasting our time from 18/11/2011; as once policy papers are ready it is not possible to cancel the policy. they are not giving form of freelock. they are also not telling charges deducted yearly and daily basis from our premium account. They are cheating us.

Is there any rule or noms made by indian govt.,RBI or insurance companies to make policy first to get loan.
So, we need help from you. Please kindly help us to continue our business casually and easily. Thank you.
Roshan Jain – mob no 9826427220
Nirmal Jain – mob no 9826161222
Pradeep Jain – mob no 9826427240

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