[Resolved] Bajaj Allianz — Low surrender value of my policy

galti

from Pilani, Rajasthan

Address:

201301

I opened a Bajaj Allianz Policy on 02/11/2007 with an one time investment of Rs.25000/-. It was told to me that 98% of fund was alotted to me. From the policy later on I have come to know that my fund is invested in EQUITY INDEX FUND -II. and alotted units to me was 1274.2499. But surprisingly when I surrender the policy it has been informed to me that my surrender value is only. Rs.8659.37.
How an investment of Rs.25000 can become to Rs. 8659 after a period of 9 years?
My policy no. is [protected]
My e-mail address : [protected]@oilindia.in
It is very unfortunate and I would like to request a clarification on the same so that I can raise the issue in proper forum.

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Dec 8, 2016

Complaint marked as Resolved

Bajaj Allianz customer support has been notified about the posted complaint.

Verified Support

Nov 03, 2016

Bajaj Allianz Customer Care's response Dear Suresh,

We are sorry for the inconvenience. Please provide us your contact number so that our team will get in touch with you.

Regards,
Bajaj Allianz Life Insurance Team

Nov 04, 2016

Updated by galti My mobile number is [protected]
or
[protected]

Verified Support

Nov 07, 2016

Bajaj Allianz Customer Care's response Dear Suresh,

We have noted your contact details and forwarded it to the concerned team. They will get in touch with you shortly.

Regards,
Bajaj Allianz Life Insurance Team