[Resolved]  Bajaj Allianz — sarve shakti[protected]

Address:

Mumbai City, Maharashtra, 400086

Hi,

My name is Amit Anant Chalke; i am an ex-ericsson employee.
Citi bank and bajaj allianz executives offering 'sarve shakti suraksha' policy to all employees at the time of joining.

I am one of them, who brought this policy 5 years back.

At the time of taking this policy, executive said, that this is investment policy and it is offering benefits of rs, 7, 20, 000/ at the end 10 years, (Of monthly premium of rs. 1500) along with insurance benefits. Also, we can withdraw money after 4 years without any deduction in it.

Hence i brought this policy, my policy number-[protected].

Few days back, i called customer executive for some IT related certificate, that time i came to know that this is a Life insurance policy.
Till now i have paid 90, 000 (1500 per month*5 years) and current policy value is less than what I have paid till now, I was shocked to hear that.

I expect policy makers to read and respond to it, i am extremely unhappy with the policy and wanted to take out all my hard earned money which citi bank and bajaj allianz are enjoying.

I wrote an email of complaint, but no one responded;
I replied upon it 3 times, then received a statement of my account which is less than what I paid but no one bothered to call me.
I had raised complaint on consumer forum also, but just received a reply to send email but no executive bother to look into customer concern.

Sorry Bajaj, this is all cheating first making false promises and second on poor responce, all being loyal customer to Citi and Bajaj alianz.

Now, I want to surrender this policy. Please let me know correct procedure and I hope the response doesn't come like earlier.

Please support at least at the time of leaving.

Regards,
Amit chalke.
Mob-[protected].