[Resolved]  Bajaj Allianz — Invest plus premier

Product name: policy invest plus premier
Term: 20 years.

We were told when buying the insurance product that the policy is linked to markets and it can be withdrawn after 5 years without any charges.

Last week i had been to the office and they are saying the policy is not linked to market and there is penalty for withdrawing the policy. The penalty is around rs. 12000 plus service tax. I decided to close since the company had mislead in buying the product and now had to pay penalty for closure after 5 years term. Received less than the invested amount. Felt betrayed by the company.

Never ever again any product with bajaj allianze. Learnt a lesson.