Bajaj Allianz Life Insurance - Capital Unit Gain — Excessive Surrender charges for policy

Address:

Thane, Maharashtra

Hi,
My name is Dipesh Mistry. I have taken the Bajaj Allianz - Capital Unit Gain having policy # [protected] four years back in 2007.I had premium amount of Rs.20000/- per annum.Current fund value is around Rs.66,000/-.At the time of taking the policy the Bajaj Allianz people told me tht there would be 3 years lock-in period and after which I could withdraw my money back.After four years also the ULIP is not performing well. MOrever there is no way to track the Capital Unit Gain policy as there are no details given on the Website of Bajajallianz. Now when i m trying to withdraw my money these people are saying that I will be charge 55% o[censored]nits which would be around Rs10000/- . That means BajajAllianz is cheating people for this ULIP by misleading them.
I request IRDA to please help me in this and get my money back without any loss.

Thanx.

Warm Regards,
Dipesh Mistry
Cell : [protected]