Bajaj Allianz Complaints & Reviews

I am writing this letter to bring to your attention that we had purchased Bajaj Alliance Tatkal Policy (Policy number[protected] from Jankalyan bank in October 2009. We have paid premium of Rs.10, 000 each year aggregating to Rs. 50, 000. However, at maturity in the current year, we received only Rs. 37801. Request you to look into this matter on urgent basis and help us in getting the balance amount due from Bajaj Alliance. My enrollment number of the policy is 1884. Rgds Chintan

Iam Bala Krishna Reddy Samala i took a Car on on 7th of March 2015 and that car got transferred my name on 9th March 2015 which already have valid insurance. When i went collect the New RC Copy which transferred my name on 10th of March 2015 My vehicle got accident . The next day i went to insurance company for transferring the existing insurance but denied to transfer the insurance on my name as its already damaged.and they told me that for the damaged you wont get claim. My question : As IRDA is giving 14 days time to transfer the insurance policy after transferring the vehicle. Will the insurance is valid or not .if its not valid then why to give the 14 days time to transfer the insurance Please do let me know the Status Regards, Bala Krishna Reddy

Hi This is my 3rd year with Bajaj Allianze car insurance and no claim made so far. My Policy no OG[protected]-00066026 expired on 07th march as I was out of town due to family emergency. I came back on 9th March and since then I am following up Bajaj Allianze renewal team to renew my policy. They said they will arrange CAR inspection. Some day someone from inspection team call for CAR inspecting but didn't reach my place. Mr Anshuman Dutt aske me to bring car to his office for inspection and when I reach his office, he didn't pick up phone. Its really bad service and I am fighting for renewal of car policy for almost 15 days. Shall I expect someone help me to renew my CAR insurance with worlds BEST car insurance company which is Bajaj Allianz still I believe it. Thank you Tushar +91 [protected] Pune CITY

DEAR SIR, I AM VINAY WAIRAGKAR, I HAD INSURED MY CAR ON 21 OF JAN 2015 ONLINE, THE POLICY NO IS OG[protected]-00079257. I REQUEST YOU TO SEND ME THE ORIGINAL INSURANCE NOTE AT MY RESEIDENTIAN ADDRESS, ALSO MAIL THE SAME AT :[protected]@yahoo.com

I have bought Travel insurance for both my parents travelling to Australia. My mom has hypertension which was mentioned at the time of policy purchase and the consultant Ishwar Ujigare advised that I dont have to upgrade the cover as this will not pose any harm in case of processing claims. Unfortunately on the new year eve my mom suffered TIA and got admitted to local emergency department. I have informed Bajaj claims teams duly and supplied all the details to them. Lakshmi Manduri from Bajaj Allianz is my contact thru out the process. Their moto from the very first moment was to how to get away from reimbursing the amount. It's been utter disgust that I had and been humiliated by the way our claim has been rejected ignoring the facts. We when spoke over the phone agreed on few things but on email she always mentions the different as if we havent discussed any. Now they are rejecting my moms claim citing Hypertension as the cause but the attending goverment doctor here clearly certified that it is not because of hypertension but is due to high cholesterol and high sugar level. I am escalated this to Greivience teams and waiting for their response. To any people out there who are thinking about purchasing Travel insurance with Bajaj, my advise, you are better of buying local insurance cover than Bajaj. Hand on my heart, they will not there to help you for sure. Best regards Ravi

Dear Bajaj team, I had deposited amount of INR 40K to bajaj alianz as fix term deposit in 2012. Since it has been two years that I didn't get any policy bond from Bajaj. while asking with insurance executive he always states that bond will come through courier. But no bond received so far...after regular follow ups now it has come to harrashment Please look into the matter and deliever bond to my address. Policy No. [protected] Dt. 27.11.2012 Regards Shailesh Bora ( [protected]

Dear sir, this complaint is regarding the irresponsible behaviour of your motor car insurance staff. They are not at all interested to maintain their customers. I called so many times to renew my car insurance policy on urgent basis but it seems your agents and office staff are not at all interested in earning money for the company. Even i talked to branch manager Mr. Ryaz Ahmad, and told him about this but he himself is so relaxed. My car customer Id is OG[protected]-00021031 Please ask your agent to take the matter on urgent basis. If possible please take due action against your irresponsible staff and please pay them for every policy they cover so that may motivate them to work for the company and make clients. For past 2 years I am facing same problems in renewal of my car and health insurance policy. I really think there is something wrong with the attitude of your staff towards work and it is spoiling company's image indeed. Hope you will take appropriate action and will get my work done. Ruchi Jain ahd.[protected]@gmail.com [protected]

Dear sir, this complaint is regarding the irresponsible behaviour of your motor car insurance staff. They are not at all interested to maintain their customers. I called so many times to renew my car insurance policy on urgent basis but it seems your agents and office staff are not at all interested in earning money for the company. Even i talked to branch manager Mr. Ryaz Ahmad, and told him about this but he himself is so relaxed. My car customer Id is OG[protected]-00021031 Please ask your agent to take the matter on urgent basis. If possible please take due action against your irresponsible staff and please pay them for every policy they cover so that may motivate them to work for the company and make clients. For past 2 years I am facing same problems in renewal of my car and health insurance policy. I really think there is something wrong with the attitude of your staff towards work and it is spoiling company's image indeed. Hope you will take appropriate action and will get my work done. Ruchi Jain ahd.[protected]@gmail.com [protected]

Sir, I financed my led television from bajaj at vijay sales gb road thane on 27th feb 2015, which they did, to my surprise i was issued an insurance for Rs 1 lac which i was not aware and niether wanted any, i contacted finance they instructed me to bajaj allianz insurance, inurance people are again asking me to contact finance. i am fed up of this follow up and want to complain about this malpractice by a reputed company like bajaj. my name arun j walia, insurance membership no is [protected].

Dear Sir, I had a policy no. 59889200 under CAPITAL UNIT GAIN SIZE ONE commenced from 13th Aug 2, 2007 with yearly premium of Rs 25, 000/= for which I got the subsequent yearly premiums submitted through the Bajaj Allianz agent on dates 12th Sept 2008 and 4th Sept 2009 respectively through cheques. Recently when I surrendered the policy, the total amount I received was subjected to lapsed policy restoration charges / penalty of about Rs.11, 000/= each for the two successive premium years. This was shocking for me as I had never before got any information (such as in the premium receipts) nor intimation by postal or any other recognized means, regarding lapse (or restoration) of my policy due to delay in creditng premium. What is more shocking is that the company has done this deduction arbitrarily as in some policy-holders' cases it has condoned delay of 26 days and made no such cuts.It is therefore brought to your notice with the request that the penalty arbitrarily charged from my maturity amount be returned to me at the earliest. :Rashmi Bhatt

I also purchased this policy in Nov 2012, Bajaj Allianz executive contacted me they did few of promises like (Policy Number is [protected]) 1) I will get 14 or 15% fixed return on my investment 3) I will be able to withdraw my invested amount after 5 years etc I am trying to contact but no success now he is not picking up my calls or not replying to my email(Mr. Shawaiz Baig - shawaiz.[protected]@balic.in). When I contacted the customer care to clarify few of the doubts, I asked how much amount I will receive if I will surrender the policy after 5 years(as communicated by policy agent), they gave me one formula to calculate the return amount(mentioned below). I was shocked after calculating the amount, after investing 450000 for 3 years my return amount is only around 1 Lac, there is no exit in this policy, you need to make payment till last year of your policy term. If you will exit in between from this policy, they will deduct 70% of your invested amount as charges. Surrender Value "GSV = 30% * (Total premiums paid till date less premiums paid in the first year less any extra premiums and additional rider benefit premiums, if any)" Now I am really feeling cheated by Bajaj Allianz Insurance company and their policy agent Shawaiz Baig. Requesting everybody not to go for Bajaj Allianz for any kind of insurance. If Bajaj is good intentioned company, They should put Shawaiz behind bars. Venkatesh

Dear sir, Bajal Allianz's downline team are trying to establish technically that they are giving call/ allert to me for the due premium, but practically there is no call, reminder from Baja allianz I had received in last four year. I think it is basic responsibility of the co. to give call to its customer as before opening a insurance their executives are very expert in polishing its customer, but after purchasing they forget its customer, results I failed to pay premium ontime. On policy, it may be written about the due date, but no one is sitting with the policy, all the time. I use to get regular call from other insurance co, but no call I received from bajaj. Is it co.'s silent policy to put the customer's hard money to discontinue fund? On yesterday, for the 1st time in last four year after my letter, I received a call from its team leader ms Jabeen Shaikh, I am dissatisfied with her service attitude and arrogant voice tone. She is totally unfit to satisfy customer, sher requires behavior training. Again, I want to tell that in the last 04 year, I never received any call or alert for premium or any happy call from the co., results I missed the last due premium on time, so, I wanted to pay premium on line since Feb'15, but failed as web site not accepting that. As I do not have time to visit your branch, co. may please send person to collect it, or may open the online payment option for this policy. I will not recomend bajaj allianz to anyone. Already, I raised complaint to co.'s customer care as follows. COMPL DATE COMPLAINT NO. 28th feb[protected] 02-mar[protected] Policy Number : [protected] REGARDS PARAG JYOTI SAIKIa

Dear Sir, I, Thokchom Memcha Devi the nominee of Late Thokchom Radheshyam Singh bearing Policy no. [protected] this mention policy has done Death Claim to your highly esteem company BALIC, On 15/2/2015 this Death Claim has already Approved but still now we have not found any Claim amount regarding this Policy. Further I, want know that how many days will taken for credited Claim amount after Approved the Death claim. I, will registered this complain & problem again & again to your highly esteem Company Bajaj allianz life Insurance, but Bajaj Allianz Life Insurance company not given positive responds regarding about our problem. Please kindly take a positive solution for our deeply poor family after my husband death. Regarding, please kindly give me my reply as soon as possible. Thanks & Regards Thokchom Memcha Nominee of late Thokchom Radheshyam singh Bearing policy number [protected] Bajaj Allianz Life Insurance Co. Ltd.

Dear sir,
I would like to know the procedure to surrender the polcy no([protected]) which was wrongly sold by your agent.I am not able to contact on the numbers provided by you.I am now totaly fed up with the enquiry.There is no way left to refund my money other then judicial complaint.Therefore you are requested to contact me at [protected] with all details to surrender the polcy with probable benifits.


Regards,
Gurdial Singh

Dear sir, The above policy purchased on 16.11.2004 sum assured 80000/- as per your policy guidelines 1 st survival benefit 10% of sum assured i.e Rs.8000/- after 3 yrs 2 nd survival benefit 15% of sum assured i.e Rs.12000/- after 6 yrs 3 rd survival benefit 25% of sum assured i.e Rs.20000/- after 9 yrs 1 st & 2 nd survival benefits u have given on 20.11.2013 by NEFT ( total 20000/- ) after repeated requests 3 rd benefit due on 16/11/2014 but so far i have not recd 20000/- from you then i visited visakhapatnam br i was informed by your office that i will get this amount in the month of january, 2015. But there is no response from your side kindly look in to it at the earliest earliest action shall be appreciated Rama Mohan email: [protected]@yahoo.com

Dear Sir/Mam I was employee of Bajaj Allianz life insurance at Banswara Branch, Udaipur Dist. ( Raj) from 2005 to 2007 my Employee ID was 81339. Still I didn't withdrawal my PF/Pension amount and I got half early or yearly Bonus/incentive but its not came to my bank account.. Please help me out how can I get my incentive or PF amount.. Name- Rishi Sukhwal Employee id- 81339 service period[protected] Thanks & Regards Rishi...

Hi, I am not getting the refund and nor you people are providing the information on refund against my cancelled policy. It has been 15 days since i am asking for the refund. After 15 days since cancellation, I am getting the policy welcome letter(which is already cancelled). I want my refund information not your regret letters. Br// Dr.Lovekush Chandra [protected]

BAJAJ ALLIANZ Travel Insurance is running a global level FRAUD in many countries. They are declining claims without looking at anything. the guy name LAKSHMI is running this fake and fraud practise and he thinks ALL CLAIMS falls under PRE EXISTING condition. I have been contacting USA investigation agencies to analyse bigger scope of BAJAJ ALLIANZ Travel Insurance fraud practises operated by LAKSHMI and his fake doctor's medical team. All pre-existing condition deniels claims will be researched and investigated under this.

I have a consumer durable loan taken from bajaj finance Ltd loan no.-4100CD01257364 Rs.2372 per month with mediclaim master policy but no any insurance certificate sent by company to me till date.Last EMI date-2/2/2015 but I want to refund my mediclaim master policy AMT Rs.4200 & oblige.My mobile no.[protected] and mediclaim master policy no.[protected].

Hi, I bought Bajaj Alliance policy when my company gave new Citibank Suvidha salary account in Bangalore. The policy number is [protected]. I paid premium of 2000 rupees for 1 year. Total amount, i have paid till today is 24000. I wanted to surrendered the policy as i saw lot of complaints with bajaja alliaz and found it fake. I was also in need of money. So i called their customer care and told to tell me the process of surrendering the policy. I was asked to send address proof, policy bond, request to cancel the policy and cancelled check. Today i received a call from Bajaja alliaz and they told me that if i surrender the policy now, they will charge 35% of penalty. I will get around 15k back when i have paid 24k. When i bought this policy, their executive told that, i can withdraw the policy anytime and i will get the interest+premium amount paid till the date. Bajaj Alliaz has cheated me and should pay the full amount. I have read the policy doc as well. They can charge with penalty if i haven't paid their premium. Where are the penalty charges came from? Why they didn't tell me before signing the policy doc? if they would told mea before, i never had sign the policy. I want register complaint against bajaj alliaz for this fraud and really want to take legal action on this.