Bajaj Allianz Complaints & Reviews

DEAR SIR,
THIS IS TO INFORM YOU THAT I HAD TEKEN A POLICY BAJAJ ALLIANZ NEW FAMILY GAIN. I HAVE PAID THREE YEARS INSTAULMENT. I DO NOT WANT TO CONTINUE.
PLEASE SEND MY CHEQUE IN MY ADDRESS.

THANKING YOU,

NAME : MOHD. SHAKIL
FNAME: JANAB SAHADAT ALI
DOB : 10/01/73
POLICY NO. [protected]
INSTAULMENT PAID 5000+5000+5000=15000
ADDRESS: E-/1533, SHAHEED NAGAR, AGRA
MOBILE NO.:[protected], [protected]

Dear Sir/Madam

My policy no. is 47973304 in capital unit gain size one plan .please tell me the current status of my policy and NAV ....

RESPECTED SIR,
MY POLICY NO.-[protected],
PRODUCT NAME- CAPITAL UNIT GAIN SIZE ONE

PLEASE ISSUE MY CURRENT STATUS OF MY POLICY AS SOON AS POSSIBLE

Dear sir
I sent my all Pf settlement docs in the m/o feb 2009 to Bajaj allianz life ins com ltd at Pune office.But i dont get my Pf amount, so please do the need full.My Pf A/c no is MH/34020/019083



Regards
sandeep chauhan
[protected]

my policy No is [protected], due to construction of own house i have not paid the 2nd installment, now i want to ;continue the policy, i need the directions tocontinue.

I had taken a life insurance policy around 5 years back the Bajaj Allianz Life. This hapenned to be my first insurance policy then and I hardly knew much about the insurance world as such. But to my bad luck this company was a disastor then and continues to be that way even now. Hence I decided put a review post for other members to know the sad state of affairs of this company.

Below are just a few goo[censored]ps from Bajaj Allianz Life Insurance Co:

1. Inspite of paying all my premiums on time, around the 2nd yr of my policy term I was reported that my policy lapsed. After repeated calls to their customer care I could not get a solution and I had to personally visit the branch office at Andheri. At first I was told by one of the asst managers that it was a system error from their side and they would get it rectified soon. But I had to visit their office thrice until the my policy was revived. Most of the time the concerned person had forgotten to look in to my case leading to delay and I visiting their office again. The interesting part was the asst manager called me up after a week and after doing some sweet talking he inquired if there were vacancies in my organization for himself... I was like DUHHH I wouldnt want you anywhere close to my organization after providing such terrible service.

2. Up to last year this company did not have online premium payment facility nor any other better mode of payment. Depositing cheques at their barnch seemed the only best way to pay premiums. I had to personally visit their branch at Andheri to pay my premiums

3. Recently in Mar 09, when my premium was due I was surprised to see the premium intimation letter along with a business reply envelope for sending the cheque. I was happy that I woudnt have to go to their branch again. So I religiously sent my cheque thru the business reply envelope much before the end of the grace period. But when I saw the cheque wasnt presented for 10 days, I spoke to the customer service to find that they had not received the cheque.
I was then told that I could make the payment thru their newly started online payment system. So I issued a stop payment request for the cheque to my bank and made a payment thru the online facilty. The customer service also assured that if incase they receive the cheque the same would not be processed and would be sent back to me. But, to my surprise after a month the cheque was presented and ofcourse it bounced. I was quite sure that the cheque was received by them on time was kept and forgotten in someone’s drawer. On enquiring they apologised for their mistake and said that they would send a copy of my cheque along with letter stating the facts of the case and that premium was already paid.

But when I received the letter (after a month) I was shocked to see that the letter infact stated that I should repay the premium in cash or DD along with a bank charge of Rs. 100.
Well, I have raised a severe protest against such irresponsible letter sent to me but I seriously doubt the company’s integrity and its ability to treat customers fairly. It works more like a small shop which deals with problems only when they come to their neck.
The worst part is after paying about 38k in premiums in the last 6 yrs my surrender value is just 15k and hence a huge loss on surrender. So I guess I have no other options but to bear and deal with them for rest of the period...

So friends BEWARE of any Bajaj Allianz salesman knocking at your door or on your phone. DONOT fall in to their trap. I could provide many more instances of their failures... Do let me know if you like to know more about them incase you contemplating buying any product from them.

Policy No. OG[protected] valid up to 16 August 2009. Claim No: OC[protected]-00000510

I had to undergo emergency vaccination for rabies in USA where I am studying. The claim was denied by Bajal Allianz saying that under clause 2.2. “routine physical or other examination where there is no objective indication of impairment of normal health” the claim is not accepted.

In other words, I would have to wait until I get the symptoms of rabies before I can get treated, and, everyone knows that once its sets in rabies is FATAL. Therefore any suspected exposure to animal suspected to be carriers of rabies has to be treated with vaccination.

I will draw attention here to information that anyone should be able to understand and a qualified medical practitioner would be able to verify.

1. Please refer to extracts below taken from the Center for Disease Control website: http://www.cdc.gov/rabies/exposure/types.html

 Nonbite exposures from terrestrial animals rarely cause rabies. However, occasional reports of rabies transmission by nonbite exposures suggest that such exposures should be evaluated for possible PEP administration.
 The contamination of open wounds, abrasions, mucous membranes, or theoretically, scratches (potentially contaminated with infectious material from a rabid animal) also constitutes a nonbite exposure.

2. While I was woken from my sleep due to contact with the bat I cannot confirm whether or not I was bitten by the bat as bat bites are often difficult to spot and usually painless. Rabies CAN be transmitted through non- bite exposure.

3. Rabies is fatal once symptoms appear and therefore waiting to see if there is ' positive impairment of health' is not an option. In my case, I was advised by the Maine CDC and Dr. Michael Green to get immediate post exposure vaccination as a treatment for accidental exposure to bats.

I have written to Bajaj Allianz, but they are yet to respond to my request.

I would request your forum to intervene.

Sincerely,

Ankita Chowdhury

Dear Sir/Madam

This is to inform you that i had taken a Motor Insurance from Bajaj Allianz on 12th july 2009.Mr Mohit Mittal who is working as an Agency Manager for Bajaj Allianz, Nehru Place Branch was in touch with me regarding same.I had given a initial funding cheque of HDFC Bank amounted Rs 6750.

At the time of giving the documents, i had been said by Mr Mittal that i will get my policy within 5 working days once my cheque get debited from my account. Cheque had been debited on 17th july from my account of which i have recieved the intimation from my Banker.

It is really regret to say that after such a long persuation from Mohit Mittal, i have not recieved my policy at the given address. This is not the end...i have cald him several times, he had not even shown any interest for this particular case.Whenever i try to call him up again either his cell is not reachable or come switched off and if he pick up my call he never responded propoerly.

I am facing lot of problems due to the negligence on his part. I am literally frustated from the services which has been given to me till yet. None of the Bajaj Allianz employes are bothered to take care of their clients.

I consider General Insurance Companies are not mere Insurance Companies rather the financial advisors from whom we business people expect assistance in terms of investing the money for the good cause. But the General Insurance Company of your repute if they make us suffer then i really need to check up my relations with you.

Request you to kindly look into the matter and do the needfull at the earliest.

Regards
Kapil Kumar Sharma
HCL Technologies Ltd.
A-8/9, Sector 60, Noida 201301, India.
Mob Nos - + 91 [protected]

presently i have 02 life insurance policies (ulip poducts) of 20 years maturity terms from March 2007.
the charges on policies are as under

(i) regular premium - 5% fund allocation charges + fund management & other charges 3.5%(approx) = 8.5% (approx)

(ii) additional top up - 2% fund allocation charges + fund management & other charges 3.5%(approx) = 5.5% (approx)

now in light of new rules of IRDA & SEBI what the maximum charges should be charged by the company w.e.f 1st aug 2009 & to which extent it will be applicable for my above old policies

Policy No [protected], Police Commencement date :[protected] booked at Hyderabad, this policy is denied for renewal, but amounts are swallowed not paid till now, even on continuous complaints.

Dear Sir,

This is regarding my car insurance renewal which was due to expire on 10th July 2009 taken from New India Insurance. I was getting continous call from Bajaj Allianz executive ( company roles)for renewal of the policy from one month. Finally on 23rd June 2009 i finally gave him the premium cheque of Rs 6548/-. I was assured by the executive that i will get the hard copy of the policy within 3 days. Unfortunately nothing happened after that i was daily calling customer care for the update but every time they said it will be delivered by tommorrow. I again tried calling customer care on 7th July and threaten them if i don't get the policy on time i will take action against them. I was aaured that they will send soft copy within 2 hrs. and by 9th July i will recieve hardcopy as my first year policy was to expire on 10th of July 2009. But even after that i got the soft copy by mail on 9th July 2009 and still to recieve the hard copy of the policy.

This has been pathectic experience i got my enrolling for Bajaj Allianz insurance. I think they don't understand the seriousness of not having insurance papers & problems i could face due to that. I want you to take a strict action against this casual way of working towards such important things which can land one in major trouble.

Hello Everybody

Just want to infirm you that don't take any Life Insurance Policy from Bajaj Alliance, thay are looting the people's Money, I took one policy on Nov 2008, I have paid 1st payment of Rs. 5500, out of that my 5, 500
500 they will not show anywhere, your primum shows only Rs. 5000.

Now out of 5000, allowcation charges are 70%
out of 30% again they are charging Equity allowcation charges of 80%,
when they called for 2nd installment I asked abt the statment, now they told all these things. till today I am not received any statment, and the Sales Executive is not told anything about the chrges.

now out of 5500 my amount is just Rs. 288,

Please do not take any policy from the Baja Alliance.

Regards
Vasudev Achar.

Dear Sir I have submit my pf settlement on april 2009 in my office but still it is pending. can you tell me the status of my pf settlement EPF account no is MH / 34020 / 029457. & my employer is BAJAJ ALLIANZ LIFE INSURANCE CO LTD, PUNE,


S.SASIKUMAR,
TAMIL NADU,
SALEM
PH :[protected]

.

sir,
please send me a duplicate copy of my policy document no. [protected] at the following address. its urgent.

Sgt DK Nayak
Pen & Wel Wg (Pre-96)
AFRO
Subroto Park,
New Delhi-110010

Thank you.

Dear sir/ma'adam,

I resigned from the company on April 2008. Now without any reason they have put my PF on hold.
I would like to know you that PF paybale to me was deducted from my salary and they are supposed to release my pf to my A/c within 6 month now almost one and a half year over

Kindly help in release of the payment.

Thanking in advance

John Abraham

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Sampath Kambar


Hi,

I am Sampath Kambar, recently taken a Personal Loan from HDFC Bank Bangalore.
And while giving the documents for it, i was been asked to do sign to go for a Bajaj Alliance Health Insurance.
But i refused to do it.Later, when my loan got sanctioned, an official from Bajaj Alliance insurance called me to confirm the insurance.
I do not want to go for it.Then also, they told me just to confirm.When i did, they had already deducted 3500 Rupees from my Credit Card.
When i asked an official in Bajaj Alliance office, they told me that they have a TIE_UP With HDFC Bank. and she asked me to just RETURN the policy.

I.e, Whenever a person gets a loan from HDFC, that person has to go for that insurance.
This is a mere CHEATING.

What should i do now in order to cancel the insurance?
I just want them to Repay the amount they have deducted from my CREDIT CARD.


Regards,
Sampath

Hi,
At time of any Product lunch or financial closing Female Employees forces to work late night due to no subsitute provided by company...these female employees work 9.00am to 12am (mid night). Company should manage men employees for this type for condition or Company should take full resposiblity for those female employees who work late night...But Bajaj do nothing about that...Due this our sister or daughters are unsafe and incident happen time to time when they return home form office to home...
Thank You

Dear Sir,

Policy Number:[protected]

I manoj Kamble regestering the complaint for the first time. one of the agent Named :Sanjay Dhesle his mobile number: [protected] from bajaj alliance life insurance company. One year back this agent had sold the insurance to my sister who is not much educated. While taking the policy he had told my sister that you buy 3 policy from him and you will get Rs.1000 cheque every week. He is now saying that you have to pay the policy premiem for 3 years and then u will get you money back after 5 years other wise you will not get the money back of amount Rs.12000/-
The agent is now not picking up the phone and not responding. We have spoken on the toll free number the executive said that i will not get my money back. They cheated my sister by giving false comittments. The Company have done fraud to me. So please look into the matter and kindly revert me back as soon as possible on my email id or else on my mobile number [protected].

thank you,

Regards,

Manoj Kamble.

I want know about my unit rate of my policy no [protected] please replay.

SIR
Here with i have submit my complaints of my second remainder already I was send all details now I
give pf no mh/34020/020826