[Resolved]  Bajaj Allianz — Invest plus insurance plan - traditional

Address:

Thane, Maharashtra

I must say bajaj allianz should be banned in india as this company employs only crooked and dishonest agents/branch managers who misguide innocent customers specially the beginners with their false promises. I bought the invest plus policy from bajaj allianz manager nitin gawand in 2009 when i was just earning 8000 per month on the false promises that this is a sort of fixed deposit and you will get guaranteed returns - 7% to be fixed in financial year 2009-10 and the company will fix this guaranteed return %age at the start of every financial year. From august 2009 - sept 2016 i have paid a premium of 1 lakh each year amounting to 8 lacs total premium and the current accrued maturity value is 8, 35, 000... Where is the guaranteed returns... Bajaj allianz has looted me and my hard earned money by not disclosing the full facts at the time of selling this products and now if i want to surrender this policy they are charging very high penalty that the accrued maturity value is going into negative numbers... Please help me in fighting with these corrupt people who are liars and just to achieve their sales target making their innocent customers fool. Moreover if any representative of the company had informed me that the returns on this policy are not good i might not have invested a large chunk of my hard earned money and surrendered it way back without bearing much loss. Also he kept the policy term 25 years so that he and bajaj allianz can reap the benefits for a longer period... I am very dishearten and disappointed as i am on the verge of losing my hard earned money...