[Resolved] Bajaj Allianz — Termination of policy without notice | |||
I R.Balaji, Bajaj Allianz policy no: 95179118,complaining about my termination of policy 95179118. I have not intimated regarding this. I really surprised & shocked when I recieved surrender amount of Rs 3981/- against policy deposit of Rs.20000/- I suppose to pay Rs 20000/- for next 2 years, which I was unable to make due to personal reasons. I thought of paying Rs outstanding Rs 40000/-(for 2years) this month to get/avail my amount Rs 60000/- next year.But when I called to customer care today morning, they dint respond properly. Bajaj Allianz representatives who forced me to got this Insurence, told me that he will inform me the due date to pay otstanding amount. Im waiting for his information but before that I got termination letter from head office. I need a proper justification of my termination, since I have not intimated about the same. Pls Note: If I invested that maoney Rs 20000/- in 2008 on "Gold" today my money will be doubled. Atleast if I deposited the amount in bank for 3 years, I wouldhave got 9% p.a interest. If I kept the money in locker, it could be the same atlest & safe also. Now pls think, I invested in Bajaj Allianz in 2008, my amount has gone from Rs 20000/- to Rs 3981/- which is a depriciation of 80.095%. I recieved only 19.905% of my investment Rs 20000/- Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 1 Comment | |||
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+91 20 3030 5858 [Customer Care]
GE Plaza, Airport Road, Yerawada, Pune, Maharashtra, India - 411 006
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The sales agent told me it is a single premium plan.I believed that as well.
Now in 2015, when I called up this month Aug 2015 to know the status of the policy and withdraw/surrender the money, I was informed by the customer care that the policy has been terminated.
I have never withdrawn any money nor I was intimated before the closure from Bajaj . I was relocated to a new place and I tried calling them up several times for change of address . As first/second time agent had taken the money, they got their share and now I am in limbo.However the customer care number is always busy and could never connect to them unfortunately. I have asked for the details why it was foreclosed but I have not received the same on my e-mail id( already provided to them).
Please help me to get my hard earned money with interest so far Thanking you in advance, Dennis
Contact num - [protected]