[Resolved] Bajaj Allianz Unit Gain Policy — did not inform regarding filling of Form from equity to cash & cash to equity therefore lost 50000/- . | |
I had invested Rs.150000/- in Bajaj Allianz Unit gain policy No.[protected] on 24/01/2006 each year Rs.50000/- till 24/01/08. After completion of 3 years I have observed that my investment is 150000/- whereas my fund value is only Rs.99620/- therefore I have a loss of 50380/- they did not manage my fund properly by equity to cash and cash to equity for this exersice they are charging their charges to their customers. Even they did not shown their form which is applicable for equity to cash and cash to equity. I have withdowals my fund by rs.99620/- and close my account. Now I need my lost fund Rs.50380/- and Interest for three years. Please guide me where shall I go to such claims. From where I will be to claim my lose over the company. Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
3 Comments | |
Comments
Same case for me . If anyone suggest us what to do, it will be very helpful.
You had opted for “Unit Gain Plus”; the policy premium term was of 51 years. We want to clarify the below mention details as: The product is market linked so the growth of the policy is totally depended on the fund performance in the market. You have opted mix of assets for your policy on your own, you would have the choice of 5 other investment funds with complete flexibility to switch money from one fund to other to manage your investments better.
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I am also facing the same problem:)