[Resolved]  Bajaj Allianz New Family Gain — I am complaining about my account termination

Address:

Mumbai City, Maharashtra, 400052

Hi am karan vaza, in 2007 my dad invested in bajaj allianz new family gain... policy term is 15 years, regular premium is 11000, they said to pay 11000 for 3 yrs, my dad has already paid 3 premium by 2009,
policy no: [protected] product name : bajaj allianz new familygain product code:62
sum assured is Rs 4, 07, 000
death benefit is Rs 4, 07, 000 + fund value
maturity benefit after 15yrs : fund value
now i got a account termination letter with cheque amount Rs 10, 983
my complain is i paid total Rs 33, 000
and i am getting back only 10983 that too after 8 and half year from commencement
they dint give any advance notice before terminating the policy,
and even if they terminate the amount refunded is too low,
on contacting them, they said its on the market getting down,
thus the market get so much down?
and while taking the policy they dint inform about market ups and downs ... its a total loss policy for any policy holder,
can any one please tell me how can anyone benefit from these policy