Bajaj Allianz Complaints & Reviews

Dear Team

Hi,This complaint is in regards with PF transfer from Bajaj Allianz life.ins.co.ltd to Tata Aia Life ins.co.Ltd.
Presently I am working with Tata Aia Life ins.co.Ltd My P.F.No.is MH/BAN/45142/33576,I had joined this organization on 16/11/2011 and i am on notice period of one month till 20/09/13.
My last employer was Bajaj Allianz ins.company Ltd and i had worked their from 09/06/2011 to 04/11/2011 my PF no. was MH/34020/94100.
At the time of joining Tata Aia Life ins.co.Ltd i had submitted form -13 for transfer of PF from Bajaj Allianz ins.company Ltd to Tata Aia Life ins.co.Ltd.After some time Bajaj Allianz had shared me with a letter dated 11/05/2012 which was sent to Tata Aia, in which they had requested Tata Aia to submit the form -13 to their PF office(attached letter for your Reference) but till date the transfer of PF is not initiated even after more than one year.
I had contacted so many times telephonically and on mails (with CC to Pune And Bandra PF office)and but no results came out of it.
Bajaj is saying that they had transfered the funds to Tata Aia,and Tata is saying that we have not yet recievd the funds.I had once checked the same on the EPFO site 5-6 months back( attched screen shot from website)in which they had shown the fund has been transfered but still not recieved.
you are rquested to kindly intervene so that I could get my hard earned PF.


Regards

Rakshit Sood
e mail:rakshit.[protected]@rediffmail.com, rakshit.[protected]@gmail.com
Modile:[protected]

hi,
i m Mukesh kumar & my employee ID was BA00015 . I submitted my pf withdrawl form to Mr Sidharth at bajaj allianz staffing solution chandigarh office in the month may2013.There is no response getting back from him. kindly comfirm my pf settelment. my pf is PU/PUN/300862/15972 . I am also attaching my salary slip with this email. i want to know my pf settelment when comes to in my bank account. kindly help me

Thanks & regards
Mukesh kumar
mob.no. [protected]
email ID - [protected]@yahoo.co.in

My name is Asmani Mallick.I complain previous also regarding Baja allianz.My policy no is [protected] and [protected]

Bajaj allianz is reject to cancel my policy.They cheatingly sell me policy and now they are not ready to cancel the policy.Even they are not ready to face me that agent who sold me policy.Sir/mem please help me,they just try to eat my hard earned money.Their agent given me false commitment and now instead they Bajaj allianz is try to eat my money.

Dear Sir/Medam,
My name is Asmani Mallick.I taken policy from bajaj allianz.My policy no is [protected] and [protected]

The agent from bajaj allianz who sell me policy is given me wrong commitment.He told me it is single mode premium.
You have to pay only once and after 40 days you can get back your money guaranteed with some intrest.Your agent name is
Alok Srivastav.Contact no [protected].
After two month I got document from your side.Document I received on 26 April 2013.When I read that document,there is written it is 15 yrs plan.I confirm from bajaj allianz call center,that lady told me that 15 days free look cancellation is count from that day when you get document on your hand.I put paper to cancel the policy but bajaj allianz ia rejectected.
I am sorry to say I never expect from my nightmare also that bajaj allianz is cheating people.They trained their agent to cheat people such a way.Before some month ago I thinking to invest on short term policy to bajaj allianz but i am sorry to say I think I never trust bajaj allianz.
Sir please check my matter and please return my hard earned money.Please dont try to eat my money.I still have hope that bajaj allianz is good finance company.you will do full justice with m

Dear Sir/Medam,
My name is Asmani Mallick.I taken policy from bajaj allianz.My policy no is [protected] and [protected]

The agent from bajaj allianz who sell me policy is given me wrong commitment.He told me it is single mode premium.
You have to pay only once and after 40 days you can get back your money guaranteed with some intrest.Your agent name is
Alok Srivastav.Contact no [protected].
After two month I got document from your side.Document I received on 26 April 2013.When I read that document,there is written it is 15 yrs plan.I confirm from bajaj allianz call center,that lady told me that 15 days free look cancellation is count from that day when you get document on your hand.I put paper to cancel the policy but bajaj allianz ia rejectected.
I am sorry to say I never expect from my nightmare also that bajaj allianz is cheating people.They trained their agent to cheat people such a way.Before some month ago I thinking to invest on short term policy to bajaj allianz but i am sorry to say I think I never trust bajaj allianz.
Sir please check my matter and please return my hard earned money.Please dont try to eat my money.I still have hope that bajaj allianz is good finance company.you will do full justice with me

Dear Sir/Medam,
My name is Asmani Mallick.I taken policy from bajaj allianz.My policy no is [protected] and [protected]

The agent from bajaj allianz who sell me policy is given me wrong commitment.He told me it is single mode premium.
You have to pay only once and after 40 days you can get back your money guaranteed with some intrest.Your agent name is
Alok Srivastav.Contact no [protected].
After two month I got document from your side.Document I received on 26 April 2013.When I read that document,there is written it is 15 yrs plan.I confirm from bajaj allianz call center,that lady told me that 15 days free look cancellation is count from that day when you get document on your hand.I put paper to cancel the policy within 15 days but bajaj allianz ia rejectected.
I am sorry to say I never expect from my nightmare also that bajaj allianz is trained their agent to cheat people such a way.
Sir please check my matter and please return my hard earned money.Please dont try to eat my money.I still have hope that bajaj allianz is good finance company.you will do full justice with me

Hi Have surrender my Bajaj allianz policy no#[protected] on June 24th,2013 on Chennai branch till now I have not received my policy amount. I called customer care many times they are saying that my policy is in lapsed condition and you have not surrender your policy. I have submitted all my policy papers in Chennai branch only thing which I have with me is letter received from the branch at the time of surrendering the policy.

Letter has one query number ,after asking customer care about query no.42778809 they saying that we don't have any information regarding this query. Please visit the branch.

I went to the branch again on 21st July and they told me there is some system issue and you will get the amount next week.till now I have not received any amount and today I Called customer care again , they informed me the same thing that visit the branch again.


I am posting this so that everyone should aware about the customer service of BAJAJ Allianz, As I am not going to Invest any money in BAJAJ , Suggesting to everyone that do not invest any money in Company's like bajaj. Pls Invest in Post office Schemes they have better returns and customer service that BAJAJ have.

Thank you
Ankit Jain
Policy no#[protected]
Query no#42778809
Phone Number#[protected]

my mother C RAJESWARI of policy no:[protected] in bajaj life insurance(INVESTPLUS_PREMIER) . she payed 6 premium of 4010 per premium (2 premium per year). Agent told us this is a five years policy and u can stop it after 3 years and take the amount but after completing 3 years they are saying it is a 20 yrs policy u continue ur policy... i said that i closing the policy but they r saying 15,000 only given to u .. but i payed 24,060 . they r cheating.... i need atlest payed amount please help me..

My mail id:[protected]@gmail.com

I have taken SARVE SHAKTHI SURAKSHA policy through CITI Bank on Sep-2011 and surrendered the same on 01-Jul-2013. Customer Executive from Bajaj Allianz called me for Surrender confirmation call on 09th Jul 2013(Kalyani from Pune) and she has explained me about the Surrender penalty and Administration fee and all. I am not satisfied with that since I have been informed that For capgemini employee there is no Administration fee when surrendering the policy.

Again I got a call on 10th and 13th Jul from Chennai Bajaj Allianz and I have been informed that My policy got cancelled and I will be getting the amount on or before 17th Jul 2013.

Till date I haven’t received my amount and didn’t get any info regarding that. When I called customer executive today, I have been informed that my policy is still active.
Also I sent an email to 'citi.[protected]@bajajallianz.co.in' and '[protected]@bajajallianz.co.in', till now I didn’t get any reply from anyone.
My Policy No: [protected]
Policy Holder Name : Seetharaman Kandasamy

Hi,

I am well educated professional and today felt completely cheated with Bajaj Allianze Super Saver plan.

The policy return doesn't match with what is claimed in their brochure and explained by the Bajaj Allianze agents.

I have supporting documents which explains how Bajaj Allianze is cheating the small investor with wrong propaganda of giving guaranteed return. In thier Policy document with the TAG line

"Regular saving is the best tool to protect ones family. We at Bajaj Allianz Life Insurance realize the value of your saving and present a non-linked, participating regular premium endowment plan, which will help you to save regular amounts for a safer tomorrow. Also get extra benefits with Guaranteed Additions of 4%of sum assured at the end of each policy year. "

As per this there is "Extra benefits with Guaranteed Additions of 4% of sum assured at the end of each policy year" which should be above the regular premium paid till maturity.

I got confused about the policy after talking to one of the customer support personal. It doesn't match to what was explained to me by Agent of Bajaj Allianz by referring to the tag line of the policy document.

What he explained to me is that as maturity benefit you will get Sum Assured and Guaranteed Additions of 4% of sum assured at the end of each policy year and it is not above the regular premium paid.

I have the broacher and the sheet which was explained to me by the agent. As per the explanation there is the return of around 12% (Including regular premium paid) but it will turn out to be <1% if regular premium is not included.

Today also whenever any Bajaj Allianze agents calls for the same plan he claims that there is guarnteed return of > 12% on Bajaj Allaianze super save plan.

I would request you to take up this matter and Bajaj Allainze to clarify the facts clearly and avoid the agony to the customer in the false trap of policy documents and complicated language.

The policy is such that it is very costly to surrender it in between and customer are left at the mercy of Bajaj Allainze false claims

I request you to take up this matter with concerned authority including IRDA to redress my grievance.

The brochure can be viewed at
http://www.bajajallianz.com/Corp/content/endowment/supersaver.pdf.



This is my policy details --

Policy number: [protected]

Policy Holder Name: Manoj Kumar Jain

Date of commencement 24 June 2011

Sum assured: 990000



Please confirm that at the time of maturity what amount I will get.

Please confirm if maturity benefit (Basic Sum Assured + Accrued Bonus) is above the total premium paid or not.

To be specific, I am paying you premium of Rs. ~1L for 15 years - So total amount paid is 15L till time of maturity.



As per policy Maturity benefit is Basic Sum Assured + Accrued Bonus

So I would like to know if I will get 15L + Maturity benefit at the time of maturity or it will be just Maturity benefit

Your response is urgent for me to take a decision if I should continue the policy or surrender it.



Thanks & Regards

Manoj Kumar Jain

Respected Sir,

I took Bajaj Allianz "Sarve Surakhsa Policy" 3 Years back. When I took this policy the agent told me that I can surrender this policy after 3 years
without any charges. Now after 3 years when I want to surrender my policy and they are deducting other additional charges. I have already paid approx 36 installments. Please help what should I do. Also I have read many other complaints for this "Sarve Surakhsa Policy" . Other customers are complaining the similar fraud. I took this policy from Citibank.

Till now I have paid approx Rs 54000 and now my fund value is 29000. they have deducted almost 25000 which is big loss for me.
There are many other people who have similar complains about this policy,.
Please help me in getting my money back.
My policy details
Name : Satyendra Kumar Singh

POLICY NUMBER CB05417
Policy number is [protected]

Please let me know if you need any other information or document from my side.
Hoping for a positive reply from your side.


Thanks and Best Regards
Satyendra

BAJAJ Allianz Insurance "Policy No: FBA/[protected]"


Proposed Insurance bumper to bumper not cover me

"Respected Sir,

As our telephonic conversation I have explained below the fact how to occoured.

Dated 15/06/2013 I was returning from Kharagpur , near Nandakumar
(NH-41)at about 17:45 hrs. Suddenly I saw an old man cross the road ,
no chance to bypass him, I breaked my car and stop the car but a
tata magic (chota hati ) failed or disbalanced his break behind me
and hit behind of the car. After this fact I saw that my car's diki
and bottom of the diki is fully damaged and could not open and at the
bottom there is a hole. It was necessary to open out some imortant
things from my car's diki. So I went to road side car mistry for open
the diki and he did the temporary job on the car at durgachalk,
Haldia .

I have taken the car from Jayashree Ford ,(Jamshedpur), Tata so I
contacted to Kaikan Ford and told all matter.

17/06/2013 I went to Kaikan Ford and met to Sandip Ganguly and then
went to Kaikan Ford's workshop , it was ture, workshop was unknown
place to me, so I reached late. After some conversation I told to
Pradip babu I will return tomorrow early evening.

My driver Krishna bahadur Rana drived the car, near Dulaghar,Hawrah
again another accident occoured at that night at about 20:45 hrs, when I return to Haldia.
a bus over take and came into my truck from left to right , my driver
moved to right more and hit the divider and breaked , at the sametime
an unknown car disbalanced and hit my back side of the car . After
that I saw, my car was damaged front side, back side and side door
also.

Dated 18/06/2013 I reached Kaikan Ford workshop and explained
everthing and fill up the form for claim my insurance . Kindly look
into this matter to get my full coverage and oblidge .

Thanking you"

Sir,

The above letter I have written when they have clearified me after surveying my car. Now they tell, at a time I have to claim insurance only one incidance not two i.e last incidance.

Pl. help me.

Thanking you
Mrinmoy Biswas.

Hi,

I had taken bajaj allianz insurance policy with policy no [protected] on september 2011. Till now i have paid all the premiums .But do to some reason i want to surrender it. As per the policy the surrender charges for 0-23 months is 7% but they are charging 35% of the amount i have paid that is approximate to Rs.10000. Whereas nothing is mentioned in the policy and nothing was mentioned when i purchased it . Inspite of regular calls to call center and the representative they are not responding .

Please help me get my money back.

I opened a Citi bank salary account in Sept-2010 when I was offered for the BajajAllianz insurance policy linked with Citi bank suvidha account. They guaranteed 8% returns and 2 years lock period. They can I can come out of the policy anytime after 2 years. I opted for when they say I will receive the bond along with terms & conditions in few days after the enrollment and I can take back off it within a month if I am not OK with T&C and no penalty for that. But I received the Bond only after 2 months and that too after so many follow-ups. the bond is just 2 page doc with hardly 5 or 6 point under T&C. I am paying 2000/month and paid (33*2000=66,000/-) till date. After 2 years completion, I wanted to cancel the policy and called customer care. They say the lock period is 4 years now. If I still want to surrender, i will lose 40% of the amount I paid as premium. That is ridiculous. If I call Citi bank, they say they have no info to give and asked me to write to citi.[protected]@bajajallianz.co.in. I wrote a mail with all my detials. It has been 15 days and I am still waiting for their reply. I have not got any acknowledgement mail either. I kept on sending mails without any luck.

I decided to close my Citi bank also now. I want to get rid of the bank account and the insurance policy. I am seeing lot of complaints about this, but none of them say the problem is resolved.

Dear Sir/ Madam,
I am Sonu Prasad I joined Bajaj Allianz life Insurance co. Ltd. on 3rd Jan 2013 and reigned on 17th of May 2013 and Final date of Relieving 23rd May 2013. my employee code was 156631. till that i didn't get my F&F amount i send him all the formalities before 1 Month but till date i didn't get it. I have mail several time to about my F&F amount, But from company (HR) side only given instruction. That we realsed you money on 18th june 2013. But in my account such payment are not shown. My stan chart bank A/C No. [protected].

So, Please help me.

I, Sharmistha Bhattacharya, Relationship Officer, an employee of Bajaj Allianz Staffinf Solutions and working in Bajaj Finserv office at Infinity Benchmark, Salt Lake, kolkata had applied for resignation on 17 April 2013 from my company email id, without giving a notice period to my Manager Mr Himanshu Dave due to his indecent behaviour and verbal abuses which forced me to do so. As per contract it is clearly mentioned that "either party can terminate the contract with or without prior notice period of one month by paying to the other an amount equivalent to the salary of one month in lieu of notice". On May 1st week, I went to office for my resignation forwarding process, but my manager Mr Himanshu Dave refused to listen to me citing his busy office work and coming to office without prior appointment. Many a times I had called him up and each & every time he said that he had forwarded my resignation to HR and waiting for the confirmation. I had called up HR and discussed with her and she said that my manager has cited some legal issues against me for which my application is lying with legal cell in our company. More than 02 months have passed and still my resignation is lying pending at their end. For this I am unable to join in any other organisation and facing a critical financial crisis. As my husband is retired I am the only earning member of my family. I am totally mentally frustrated and don't know what to do next. I have not even received my monthly salary from April 2013 onwards. Please intervene and guide me at the earliest.

I've insured my car Volkswagen POLO under policy no. MC[protected].
However my claim (claim no. OC[protected]-[protected] due to my accident on 3rd June 2013 was not passed in full because the company did not pay for the dent occurred in the same accident as well as for the loss of my wheel covers.
I'm completely disappointed by the way my case has been handled by Mr. Mahendra Jangam where in he showed complete disrespect and negligence towards a serving officer of the Indian Air Force and harassed me mentally for 15 days for the same.
i hereby request you to kindly look into the matter and take actions as required.
Yours Sincerely
Malay Bohra
Flying Officer
AF STN Bidar

Dear Sir

I am Chandrakant Kumar from Gaya district in Bihar

Let me bring to your notice that I have been cheated by Bajaj Allianz Life Insurance Company to such an extent that I have been loosing all my faith over humanity. I took a life Insurance policy in the year 2009 with policy Number: [protected]. I was supposed to pay a premium of Rs 138000 per year. The third premium which I paid in the year 2012 was used for a fresh policy on some one else life keeping me in a perception that my policy is in force however my policy went in a Lapse mode because of non payment of premium. The Premium was paid via Demand Draft number 029329 payable at Bank of India Gaya Branch dated 18/08/2012.
The story doesn't ends here I paid another premium of Rs 400000 via cheque Number 415529 (HDFC Bank) as a renewal premium for policy number [protected] on 28/03/2012 which again was used for a new policy on some one else life with different Address and false documents. The second policy too went into lapse mode. More over since the future premium was not submitted hence the policy was foreclosed and an amount of 55000 was returned by the company this May. Please note I took this policy for some profit however this has incurred me heavy loss because of this unprofessional act.I have already submitted my complains to the Bajaj Allianz people but no such action has been so far taken.
I strongly demand an inquiry in this case and strong action to be taken against the culprit. The Demand Draft and the cheques were collected by the Branch Manager Madhukar ji Madhu and Sales Manager Ajay Kumar Mishra. Both of them belong to Gaya Branch. I have suffered both Mentally and Financially and demand compensation along with the Principle amount Cheated.
My mobile number is :[protected]
Alternate Number: [protected].

Regards
Chandrakant Kumar
Gaya

Dear Sir / Madam,

I beg to that i am Pankaj K Gupta m frosted from Bajaj allianz life insurance company , because of false information which has gives by agent. i have two policy of my mother & brother , which was taken in year 2007. we were deposited each amount Rs. 30,000/- in three yearly step, but right now it's only Rs. 22,851/- each.

pls suggest what can i do for this.


Regards,

Pankaj Gupta

I have taken a policy after bajaj allianz executive came pleading to me for taking the policy prior one month they gave me all the wrong information . This agents just want the money and their commissions they are just money bounded they are in the market just for money and nothing else. Especialy this Bajaj allianz agents firstly they call us harrass us for taking up the policy gives attactive offers and then they turn up saying u have signed the form so we can not offer u the claims benefits .