[Resolved]  Bajaj Allianz Life Insurance — Deduction of charges from my policy

Dear Sir,

I have bought a policy of Yours in March 2007, i have paid a premium of Rs.20000/- at that point of time. My money was invested in two Funds namely Accelerator Mid Cap Fund and Equity Index Fund II and i have allocated 789.2988 units and 780.3516 units of both the fund respectively. While allocating the funds you have deducted Rs. 500/- from both the Funds i.e Rs.1000/- has been deducted from total premium amount and you have allocated units for the value of Rs.19000/-. Today when i saw my account statement i found that you have further deducted certain charges through out the year and total units that is available as on 08/02/2008 was 720.146 and 715.3981 of Accelerator Mid Cap Fund and Equity Index Fund II respectively. If i consider the intial NAV as on 08/03/2007 i.e 12.036 and 12.174 i have suffered a loss of Rs.832.032 and 790.74 on both the funds respectively, and if i consider the NAV as on 08/02/2008 i have suffered a loss of 1093.16 and 1078.09 respectively.

Do LIC also deduct such charges every month from the premium paid by the insurer.


Their agent did not tell me anything about such expenses at the time of making policy.When i contacted customer care today their representative told me that everything was written in the Policy Bond, so that means we have already informed you.

Could you please tell me sincerly, have u ever read the terms and conditions written in the agreement when you are investing in Shares, Mutual Funds, LICs etc

Please help me
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Aug 13, 2020
Complaint marked as Resolved 
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Cancellation our Policies: capital Shield 2: single premium
Policies No [protected] (in the name of Pramod Kumar Sinha) and Policies No: [protected] (in the name of my wife, Mrs Sudha Sinha)
I along with my wife requested for the cancellation of the above policy (exercising our right to free look the policy)on the 18 December 2009 at your Gurgaon Branch (during our visit to India, we are NRI).
During our application to your Gurgaon Branch, we handed over to them : Original Policy Documents, Date of proof of receiving Policy Documents and a Cancelled cheque.
I made such appeal on the ground that the above policies were issued in March 2009 but the policies documents were mailed in the month of Dec2009 (08 Dec), on the policies documents a lot informations were incorrect, like our Date of birth, Driving licence etc (hence policies returned back to your Gurgaon Branch).
Kindly attend and refund the applicable ammount in our Bank a/c.
Mr & Mrs Sinha from South Africa
please provide me status of my capital unit gain policy.
i have not received not status document for two years

my policy number. [protected]
my policy no[protected] table161 surrenered payment is delaying let me know the reason pls
my policy no[protected] table161 surrenered payment is delaying let me know the reason pls
As there is no contact information, please contact the nos below and we will be happy to help you.

Helpline Number
LIFE INSURANCE
Toll free numbers Standard STD rates apply
MTNL/BSNL[protected] Tel (+[protected]
Tata[protected] Fax (+[protected]
Bharti[protected] Email [protected]@bajajallianz.co.in
Reliance[protected] SMS [protected]@56070

GENERAL INSURANCE
Toll free numbers Standard STD rates apply
Any Landline/Mobile[protected] Tel (+[protected]
MTNL/BSNL[protected] Fax (+[protected]
Bharti[protected] Email [protected]@bajajallianz.co.in
dears sir, pls tell me the procedure to open my policy deatails., unit rate and payment of module.

plocino.==[protected]
himanshu mittal

Rs-25000
As there is no contact information, please contact the nos below and we will be happy to help you.

Helpline Number
LIFE INSURANCE
Toll free numbers Standard STD rates apply
MTNL/BSNL[protected] Tel (+[protected]
Tata[protected] Fax (+[protected]
Bharti[protected] Email [protected]@bajajallianz.co.in
Reliance[protected]
GENERAL INSURANCE
Toll free numbers Standard STD rates apply
Any Landline/Mobile[protected] Tel (+[protected]
MTNL/BSNL[protected] Fax (+[protected]
Bharti[protected] Email [protected]@bajajallianz.co.in
i want policy details
sir i loss my bond papers and policy number also how i got my policy number and bond papers
Myself Bitupan Phukan, Policy No-[protected]. I paid 3 installment in Cash, but till date not recd any original receipts of all my installments. Mail me as soon as poossible with details information of my A/c.
Hi, Good evening my self farhath begum. i had taken policy 3 years back was paid premium 3 insaltments but after 3 years this 4th year september 2010 i did not able to pay and i did not recieved any call, sms, or mail for the payment so can i pay now its ok i pay now or any conditions apply.
Please contact me
asharf.[protected]@gmail.com
Hi good evening all, My self farhath begum. had taken policy 3 years back and paid 3 premium also in this 4th year september 2010 i did not paid my premuium due to some problem and i did not got any message, mail or call from you guies so please let me know can i pay it now or what.


asharf.[protected]@gmail.com
Bajaj Allianze is a fraud insurance company. Please everybody check the amount when you surrender the policy. You will found that Bajaj Allianze deduct so much amount from policy . i.e. If you have took the policy of 12000 RS. per year & made the payment regularly for three years and if you surrender the policy, the will deduct RS.10, 000/- as service charges & will send the cheque of only Rs. 28, 000/- .
Bajaj Allianze is black spot for the name of Mr. Bajaj. So I have opinion that Consumer court may be check the deduction quantity of Rs. from Bajaj Allianze on every Policy. & They will found, Bajaj Allianze looting the Common Man's money from the fraud of Policy. I have heard that In Ahmednagar District of Maharshtra, Bajaj Allianze have distributed the policies to Teachers & after one year Teachers found that Bajaj Allianze have distributed fake policies. Total More than 10 Crore Rs. looted by Bajaj Allianze in this way.
it also deduct lot of money from my account also the return i got frm them in last 3 year s same as the amount deducted best way to invest money s buy land or flat dont invest in these companies for 3 year of investment of 75000 i got only 12000 profit and they deducted around 11000 charge frm my account now i feel i got chitted by bajaj so beaware of bajaj and finaly bajaj sucks :(

Bajaj Allianz — bajaj allianz with conflicting policy information

Dear Sir,
I am a holding a bajaj allianz policy No:[protected].Which is registered on my customer portal with all details confirming.I have all online card payment receipts as well the receipt sent to my my home address.Now conflict is that same policy is with another customer with policy bond.Whenever i enquired bajaj allianz about my policy documents they didnt send it.But all payment receipts they sent on my registered mail and home address.Now the other customer is a surrendered this policy and is looking for payment.I have made a complaint for this issue with bajaj allianz and because of which amount is on hold.The conflict reason for is because of same name of other customer too.I have all supporting mails which were sent to there customer support and bajaj allianz employees with whom i was co-ordinating for my documents.I have already sent all my online payment details to bajaj allianz.The insurance company is saying that other customer will file case against me to threaten me instead of finding out how this mistake happened by there team. I am looking forward to get all my payments made.I need all my payments made to bajaj allianz.what is needed to get all my payments.?
Dear Customer,

With reference to your complaint, we have sent a mail to you. May we request you to provide the proof and acknowledgement letter. For further reference your itrack no.10171354


Regards,
Bajaj Allianz
Bajaj Allianz and their agents are cheaters. I am a U.S Citizen and living in U.S.A for last 30 years.On my recent visit to Kolkata I was cheated by an agent named Ananya Banerjee at Standard Chartered Bank, 44 Chowringhee Road, Kolkata.So be careful what the agents say and what actually is in the policy.I tried to get help from the corporate office but of no use. Bajaz simply took my hard earned Rs 6 lakhs.

So please boycott Bajaj Alliaz and stay away from their agents specially Ananya Banerjee.

Swapan Bhattacharyya
10, Fairview Lane,
Mechanicville, NY 12118

Tel[protected]
My name is Vinod Asalkar.
My Policy No: [protected] and Plan is New Family Gain.
I am from Parbhani, Dist Parbhani Maharashtra.

My Agent Name is Maneesha Sharma, Parbhani Maharashtra. I don't know agent code.

My Policy started on 28/10/2006.
I have paid three premiums and my agent told me that there is no need to pay more.

From April 2011 I have started to contact my agent to get the status of my policy.
She failed to tell even my policy no. and my policy status as she left the work at that time.

So I contacted Bajaj Allianz on their customer care number[protected] and email ID ([protected]@bajajallianz.co.in).
No one has replied me.

Today I got a letter saying that "Your Policy has Terminated" and a cheque with not even 10% amount of paid to my total premiums.

Can anyone tell me what is happening to my policy and why?

Thanks
Vinod Asalkar
+91 [protected]

LIC-Agent — Insurance Premium Deducted but no Policy Details

Hi,

One of the Insurance Agent of LIC India has collect the first insurance premium cheque from me, saying that will back tell me all the details of the policy then will log in my policy, but the premium amount of Rs. 1538/- has been deducted from my account but till dated I have not received any policy documents nor the agent came back with the policy details. Please help me with the same.Agent details are given below.

Please let me what else I need to do for get back my money & if any other details if required.

Agent Name: AMIT BATRA

Mob No: +91-[protected]

Thanks & Regards

Ansuman Praharaj

Mob; [protected]

tata life insurance & icici life insurance — selling the insurance product on landline phone

Respecter Sir,

My name is Suresh j kataria staying in vadodara city gujarat & i receive the above two company calls on my land line phone on[protected]. one lady whose name is SHALU SINGH, TEAM CO-ORDINATOR ,DELHI FORM TATA LIFE INSURANCE & second lady is NISHA FROM ICICI LIFE INSURANCE DELHI,NOIDA.Above two lady is harrase to me to sale the insurance product . I say i donot want to talk with them then after she talk with me and say why u ar not taking insurance and so many thing. So please do need ful help to me and punish this type of sellling person. Thanks and do step with the above two lady or company.They talk to me onbody can do to step with me or my company & no manner to talk another person.

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