Bajaj Allianz — Terminated my policy without information.

prabhasharma

from Nichlaul, Uttar Pradesh

Address:

Gautam Buddha Nagar, Uttar Pradesh

Hello Sir,

Kindly refer Policy number: "74494566" under "UnitGain Plus Gold" scheme.
I recieved a cheque of Rs 5660 after a period of 3 years. I paid premium of Rs 25000 during the year 2007.
I have not yet surrendered my policy even than Bajaj Alliaz have terminated it.
Please suggest what action should I take at my end.

Regards,
Prabha Sharma
[protected]@yahoo.com

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Comments

Bajaj Allianz_Customer care

from Pune, Maharashtra

Dear Customer,

Our representative has called you and informed you that your policy is in lapse status since 14/12/2008 due to non-payment of premium amount. Hence policy is foreclosed & the foreclosure amount of Rs. 5660 paid to you. For further reference your itrack no.10274411.

Regards,
Bajaj Allianz

asimt

from Mumbai, Maharashtra

But how can Bajaj just terminate policy and return 1/5th amount?If you are terminating then return the actual money paid without paying any interest on it???I dont think it was mentioned anywhere to the customer in reminder foloow ups???

One more suffrerer of the termination