[Resolved]  Bajaj Allianz Insurance — low return & change in terms

Address:

Uttar Pradesh

I had invested in Baja Allianz Capital Gain scheme of 10 years period with annual instalment of Rs10,000/- with locking period of 3 yrs.The projection shown at the time of investment was Rs43,850/- after 3 yrs and part payment allowed Rs28,850/- after retaining 15,000/-.But after 3 yrs the co. shows the actual fund value of 28990/-against investment of 30,000/-The withdrawl allowed is 8850/-after retaining 20,000/- instead of 15,000/-
The fund value is dipping and to avoid withdrawl from scheme the co. imposes penality of approx.30% i.e surender value will be 20,000/-
As such fund management is fraud