Bajaj Allianz Complaints & Reviews

Hi,

I have opened the Bajaj Alianz ULIP Policy: [protected] in tieup with CITIBANK.
I have not received the Initial Policy document yet even after 1.6 Years. I had complained 3 times till now. but problem is not solved.
I think Bajaj allianz has some hidden agenda to cheat its customers.
Can some one please tell me how can I withdraw my policy at this time ?

Thanks,
Madhu

I have taken a policy named Capital Unit Gain in May 2007. At the time i took the policy, i was told that i will be able to withdraw the full amount in the policy without any surrender charges after the lock in period, which was 3 years. Now, when i approached Bajaj Allianz, they are telling that i will have to pay 50% of the first premium amount which will sum upto 10000 rupees. The total fund value is around 86000 rupees. I would like to get the full fund value without any surrender charges. But, for that i will have to wait for the full policy term which is 20 years as per Bajaj Allianz.

Thank you,
Arun Peter

Dear Sir,

First of all thank you. Myself Rakesh Tiwari Mobile No.-[protected].
1.) My policy No.[protected] for paid 30,000.00 Rs in 3 instalments during 3 years.(10,000.00 Per year)
2.) My brother’s policy -[protected] is paid 1,50,00.00 Rs in 3 installlment during 3 years(50,000.00 Per Year)
During the time, lots of cheating come to know so that I Went to Pandari Raipur Contact No[protected]C.G.) just want to surrender my policy. But when I know the process for surrendering my policy they told me you will get only 18,000.OO + Rs. and 1,12000.00 +Rs. From Second Policy on 17/0ct/2012.I told please complete the surrender process today. They has given excuses like lots of documents and say to us will complete the process tomorrow. Document required for submission is Cancelled check mention with required format and policy.
When I went on 18/10/12, they have told me share market has down and your refund amount is decrease -500 Rs. And also receive message from Bajaj-LM that your request no 29618291 is pending for some requirement from your side .Please visit our nearest branch or call.

This is the worst company which gambling with customer money. I have loosed 50,000.00 Rs total from both policy.

Please take some necessary action so that customer harassment can be stop. This type of Fraud agents which are selling silly policy to cheat with customer.

Thanks & Regards
Rakesh Tiwari Mobile No.[protected]
Mailed :- [protected]@gmail.com

I have car insurance from Bajaj Allianz General Insurance Company
Limited.I lost my car in fire and the claim with all documents was submitted
on 17th July 2012.the details are as follows-

claim no. OC[protected]-00001090
policy no .OG[protected]-00000920

Even after 3 months no intimation is given to me regarding my claim ,date of payment and approved amount.
my email is [protected]@gmail.com, phone no. [protected]

BHARTI SHARMA

After Compliments,

Respected Sir/Madam,

I, Mubarak H. Khan, holding the below mentioned policies would like to surrender it and get the refund ASAP. Kindly advice me for the same.

Regards

Mubarak H. Khan
[protected]



Policy Details of Policy No: [protected]


Policy Holder Name : MR MUBARAK H KHAN

Insured Person : MR MUBARAK H KHAN

Policy Status : LAPSE

Sum Assured : 200000

Policy Term : 25

Premium Term : 25

Maturity Date : 28/07/2034

Inception Date : 28/07/2009

Last Premium Date : 28/07/2033

Frequency of Payment : Annual

Next Due Date : 28/07/2010

Surrender Value : 0

Installment Premium : 19768

Address
SULEMAN BLDG NO 302 NO-5 CHITRAKALA SOC~KURLA (W) AGRA ROAD
City
MUMBAI
State
MAHARASHTRA
Pin
400070
Email Id
[protected]@gmail.com
Mobile No.
[protected]
Nominee Details
Name
MOHD FARAAZ MUBARAK H KHAN
Relationship
Son



Policy Details of Policy No: [protected]


Policy Holder Name
MR MUBARAK H KHAN
Insured Person
MR MUBARAK H KHAN
Policy Status
LAPSE
Sum Assured
250000
Policy Term
25

Premiun Term
25
Maturity Date
28/07/2034
Inception Date
28/07/2009
Last Premium Date
28/07/2033
Frequency of Payment
Annual
Next Due Date
28/07/2010
Surrender Value
0
Installment Premium
24710

Address
SULEMAN BLDG NO 302 NO-5 CHITRAKALA SOC~KURLA (W) AGRA ROAD
City
MUMBAI
State
MAHARASHTRA
Pin
400070
Email Id
[protected]@gmail.com
Mobile No.
[protected]
Nominee Details
Name
MR FARHEEN MUBARAF KHAN
Relationship
Wife






Policy Details of Policy No: [protected]


Policy Holder Name
MR MUBARAK H KHAN
Insured Person
MR MUBARAK H KHAN
Policy Status
LAPSE
Sum Assured
250000
Policy Term
25

Premiun Term
25
Maturity Date
28/07/2034
Inception Date
28/07/2009
Last Premium Date
28/07/2033
Frequency of Payment
Annual
Next Due Date
28/07/2010
Surrender Value
0
Installment Premium
24710

Address
SULEMAN BLDG NO 302 NO-5 CHITRAKALA SOC~KURLA (W) AGRA ROAD
City
MUMBAI
State
MAHARASHTRA
Pin
400070
Email Id
[protected]@gmail.com
Mobile No.
[protected]
Nominee Details
Name
MOHD SAAD MUBARAK H KHAN
Relationship
Son








Policy Details of Policy No: [protected]


Policy Holder Name
MR MUBARAK H KHAN
Insured Person
MR MUBARAK H KHAN
Policy Status
LAPSE
Sum Assured
250000
Policy Term
25

Premiun Term
25
Maturity Date
28/07/2034
Inception Date
28/07/2009
Last Premium Date
28/07/2033
Frequency of Payment
Annual
Next Due Date
28/07/2010
Surrender Value
0
Installment Premium
24710

Address
SULEMAN BLDG NO 302 NO-5 CHITRAKALA SOC~KURLA (W) AGRA ROAD
City
MUMBAI
State
MAHARASHTRA
Pin
400070
Email Id
[protected]@gmail.com
Mobile No.
[protected]
Nominee Details
Name
MOHD MAAZ MUBARAK H KHAN
Relationship
Son

My self Badrinarayan Meher

My policy no. - [protected]
i want to know my policy status.

plan-bajaj allianz century plus
policy no-[protected] and [protected]
name - kirti poddar
we have already paid the three-three premium of this policy and we have the receipt also,but this company is saying that they have not got the third premium, your agent has cheated you , sir he(vicky) is their agent, they have to find out where is my money? we are not getting proper answer from the company nor agent is receiving the phone. sir I am a housewife and I am very needy of money, pl. mera paisa niklwa dijiye please

Dear Sir,
I son of late soudamini Ghosh had got the Policy at bajaj allianz policy no. [protected],(policy holder Late Soudamini Ghosh )in the year 2007.After her death I aske for claim the policy .I was told by bajaj allianz executive that claim is in progress.After few months competed I was told by them insurance claim could not be done ,But the pricipal amount of 25000/- will auto-surrender after the completion of 5 years .Before the 5 years completion when I went to bajaj allianz office baripada branch I was advised by them ,to claim by proper doucoment .I had done as per their suggestion .After 20 days I got the answer from bajaj allianj office (pune) the policy has been lapsed .
I request them many times by hard copy and by E-Mail to return the pricipal amount without any interest . But I got the answer that the total amount has been lapsed and nothing has to refund .

Every body do the Insurance policy for gain something .But I have lossed 25000/- .
1.Policy Number - [protected]
2.Name of the plan ? century plus
3.Face amount of the policy ?
4.Effective date of the policy -28.11.2007
5.Premium paying terms (Single premium/annual/half yearly/quarterly/monthly) - annual
6.Premium amount ? 25000/-
7.Cost of damage ? 25000/-

I had invested in Bajaj Allianz ULIP; paid Rs. 15,000/- for first three years. After 5 years of policy inception I wanted to surrender. When contacted the Customer Care, they said their will be penlaty and I would get only Rs. 43,000/- wheras fund value stands at Rs. 51,500/-. I regret my decision to invest in Bajaj Allianz. If I would have put this money in Bank RD or FD I would have received more than this.

i am heby abraham,iam 1200/-rs continuse paying 3yeras in bajaj allianz lifeinsurace policy. starting time the company saying 3 yeras 1200/-rs premiun deposit after 3yers company retern 50,000/-rs. then iam contact the cochin bajaj allianz office the company saying only 18,000 my money.iam no retern the money. please my complaint accept then the genuine solution.

Policy No : [protected] paid only two times premium, policy no : [protected] paid three times premium and policy no : [protected] also paid three times as per joining condition for 20 years term. I want to know the status of my policy and NAV. Please your hereby kindly requested to inform me the details of my policy and guide me what to do further. Please you may contact me on [protected] either on [protected].

Dear Sir,

My BSNL cell number is [protected]. I am getting many unwanted SMS from LM-BJAZGI (dear sir/mam, your policy og[protected]-00001610 is due on 06/102012. plz contact your agent/call [protected]/sms [protected]@[protected]. ignore if paid. bajajallianz)

Hi,

I had an insurance with bajaj allianz. This is a ULIP, so I get tax exemption under 80C. I was told to pay the premium for 3 years and I paid premiums for 3 years. When they asked me if I wanted to pay one more premium, I refused and asked them not to contact me again. But during last 4-5 months they are constantly bugging me with their SMSes at least once in 3 days. My policy number is [protected].


Thanks in advance,
Mahesh

Hi All,

I have been cheated by Bajaj Allianz Insurance company.One of the agent misguided me about the Family Assurance Plan policy #[protected]
and made a loss for me.I have paid sincerally all the premium from 3 years (Rs.30,000) amd now my fund value is 18,674(as of[protected] and i have planned to surrender my policy and i am not even getting Rs.18,674 and on that again they are charging Rs.2089 as surrender charges.I have already informed in MEDIA suvarna news and no use.Auhust 29th 2012. i will surrender my policy and looking for atleast half of the amount what i have paid.my hard earned money went into to vain.

There is nobody to help me.Now still IRDA is sitting eyes closed.This is not only my story but almost all the people have faced heavy loss form BAJAJ ALLIANZ INSURANCE COMPANY.

I WANT TO AWARE PUBLIC NOT TO INVEST ANY AMOUNT IN BAJAJ COMPANIES.BETTER OPTION IS LIC OR POSTOFFICE SAVINGS(GOVERNMENT).

Regards,
Sudarshan V
Email:Sudarshan.[protected]@gmail.com

Hi

My name is Jenny Zosangzuali . I was working In Balic from 01.08.2011 - 10.06.2012. My Employee Code was 103580. I got a SMS from LM-BJAZLI that i am payable to a small amount of Rs 7267/- . If this is the PF why not giving us the double amount as the HR has told us during our SM Induction Training? Can you kindly provide me the Full Statement and the exact amount in my email add. [protected]@yahoo.com and Axis Bank a/c [protected]. Thank you

RES SIR/MEDAM,

I WAS WIRKING WITH BAJAJ ALLAINZ CO.VAPI AS SALES MANAGER BEFORE 4 YEARS AGO & I WAS WORKED 3 YEARS..NOW A DAYS WHEN I WAS CONTACT WITH THIS CO.BRANCH OFFICE VAPI OR VALSAD I WAS GET VERY HOPELESS & BAD REPLY FROM THEM.PARTICULAR BAJAJ VALSAD OFFICE STAFFMEMBER & BRANCH MANAGER ARE INTERESTED IN BUSINESS ONLY & WHEN THEY WANTS BUSINESS THEY ARE GIVE US BIG COMMITS & AFTER THAT FORGRT EVERY THING...BAJAJ ALLAINZ VALSAD STAFF ARE NOT INTERESTED GIVE SERVICE TO AGENTS OR EX.EMP..OR STAFF.WHY BECAUSE THEY ARE NOT IN SYSTEMS & THEY ARE NOT GIVEN BUSINESS...BAJAJ VALSAD BOSS WANTS ONLY BUSINESS FROM ANY WAY BUT NOT BELIEVE IN CLIANT SATISFACTION..WHEN I WAS CONTACT EVERY TIME THEY NEGLECT LIKE LUNCH TIME,SYSTEMS DOEN,SOME TIME CALL US WE ARE BUSY & THEY CONTACT TO CUSTMER TOLL FREE NO.WHEN WE HAVE TAKEN BUSINESS FROM MARKET FOR THIS CO..CO..TALK IN SERVICE & AFTER BUSINESS CO..BELIEVED IN NEW BUSINESS NOT IN SERVICE..SO TAKE NECESSARY STEP TOWARS THIS CO.VALSAD BRANCH EMPLOYEE.VALSAD NO.IS.[protected]/253715....I WAS IN MARKETING MORE THEN 12 YEARS BUT IWAS NEVER DONE THIS TYPE OF ACTIVITY BUT I HAVE GET VERY BAD EXPERIANCE FROM BAJAJ ALLAINZ VALSAD OFFICE..

My name is Manoj gupta. I met an accident while driving the car.The car hit the car from the front & the other car from back because the front car stop suddenly to save the bikeman . I was alone in the car. So I tried to start the car. The car started after three four attempts and I drove the car till home which is not that far from that place. I had no idea of the damage at that time.

The next day, I submitted the car in the Samara Hyundai Showroom situated at okhla which is not more than around 6 kms from my residence.

The hyundai representative told me about the damage and told that most of the things would be repaired in claim after survey by bajaj alliance. My vehicle no DL3CBF6580 repotted for accidental work dated[protected] claim no oc[protected]-00007949 surveyor mr. kanan mishra.

Now it has been 28 days and my car is not yet ready. I dont know where the delay happened but your surveyor and Hyundai representative are not behaving professionally to handle everything properly & he asked for some black money . I talked with Hyundai representative and he said the next day that the survey has been done and there are problems , back side is not done .

After 28 days he told that the front side is done under claim & the back side is not repaired under claim when u gave the rishwat to (kanan mishra) then only it is done.

Now can you please tell me if all the damage is caused by Accident why is back side not included in the claim? Today he told that back side is also not included which is hit majorly and broken.

please resolve this provablem as soon possible
mobile-[protected]

bajaj allianz capital unit gain - present status of policy number [protected]

Dear sir,

I have send my all docs as per pf withdrawl demand and send mail to know about my pf amount but still not get any reply. Plz do needful about my pf amount, and reply .
My PF Account no MH/34020/38812
I will tkankful to you.

Sub: Grievance against unjust settlement of Insurance claim against accidental repairs of Honda city car DL 3C AK 7116 insured under Honda Assure Policy No. HBA/00039444 and claim No OC[protected]-00002291 dated 26/01/2012

Surveyor: Ravi Kant Mahajan of Jabalpur, MP

Dear Sir,

I have a grievance against M/S Bajaj Allianz General Insurance Company Ltd. unjust settlement of Insurance claim against accidental repairs of Honda city car DL 3C AK 7116 insured under Honda Assure Policy No. HBA/00039444 and claim No OC[protected]-00002291 dated 26/01/2012 .The settlement was carried out by them as reimbursed by them for accidental repairs carried out at M/S Splendid Motors Pvt Ltd ,Jabalpur, MP( Authorised Honda repairs workshop) and request you to kindly look into it and take suitable action.

To take delivery of the vehicle, I was forced to pay Rs 1,16,532.00 against an accidental repairs bill of Rs. 1,27,723.00 only issued by M/s Bajaj Allianz General Insurance Company Ltd., the insurer has thus paid a meagrely amount of only Rs 11,191.00 against the accidental claim of Rs. 1,27,723.00 .

I am not only aggrieved by the unjust settlement by the Insurance Company, but also by the attitude of representatives of the Insurance Company at various levels due to their delaying tactics & callous attitude.

What shocked and aggrieved me further was the attitude of the Mr. Pathak, manager at M/S Splendid Motors Pvt Ltd, Jabalpur, who refused to provide us with the copy or Insurance settlement stating that he does not have the copy of the same but forced us to pay the bill balance amount as per so called calculation by the Surveyor: Ravi Kant Mahajan of Jabalpur, MP

When we requested for the copy of the report from the appraiser, we were directed to contact. Mr. Krishna at Bajaj Allianz Bhopal. Mr. Krishna when contacted required us to SMS our email address on his mobile. We complied with it. However, receiving no response we again contacted Mr. Krishna. He now directed us to write to Head Quarters of the Insurance Company.

We lodged a complaint with Mr. [protected]@hondacarindia.co.in on Mar 29, 2012 as suggested by the lady handling insurance at M/s. Pearl Honda, Noida (Where I was normally getting my car services). The same was however not delivered.

Finding no way to reach the concerned people, a copy of the complaint was sent by speed post and registered letter to M/s. Bajaj Allianz, Pune on 7 Apr 12. No reply to same has been received till date.

I would, therefore, request for relook into the case & just settlement also. I will be forced to resort to other means at your cost if the case in not settled in a just way at the earliest.

The case is under

On 26th Jan I was travelling with my husband (who was driving the car DL 3C AK 7116) from New Delhi to Jabalpur. This car was thoroughly checked by M/S Honda NOIDA for health before the journey. We were travelling on Bhopal – Jabalpur state highway. It was pitch dark and raining. The road was fully covered with water. About 75 KMs from Jabalpur, around 1830 hrs while crossing one of the bridges the underbelly of my car hit the road very badly (as the pit on the road was not visible). The car came to halt immediately and would not start. My husband waved for passer-by to stop. Fortunately, they stopped. The car was pushed to the roadside with the help of passers-by and left locked for the night. We moved to Jabalpur with the help of passers-by. On 27th Jan informed the Insurance Company and M/S Splendid Motors Pvt Ltd, Jabalpur, MP (Authorised Honda repairs workshop at Jabalpur). We were asked to get the vehicle brought to Jabalpur. We therefore made arrangements for physical towing of the vehicle and brought it to the Splendid Honda workshop at Jabalpur on 27th night. 28th Jan. being holiday, the surveyor (as arranged by Bajaj Allianz) arrived on 29th and surveyed the vehicle. He observed a leakage from the engine oil sump and hardness of the engine movement. He took the photographs as required. He further observed availability of still some oil in the sump, proper condition of the pump and NO deposit in the oil. His observation was that engine was not seized. He got the chamber changed with the new one. On next day and after filling oil the car was started. There was unnatural, unacceptable noise from the car. The same was informed to both M/S Splendid Motors Pvt Ltd, Jabalpur, MP (Authorised Honda repairs workshop & the surveyor. The engine was opened by M/S Splendid Motors Pvt Ltd, Jabalpur, MP (Authorised Honda repairs workshop to indentify the damaged parts. We had to wait for more than 20 days for the parts to arrive. The vehicle was finally made over to us on 23.02.2012 with a total bill of Rs. 1, 27,723.00 only vide Invoice No. 1101643 dated 20 Feb 2012. We were informed that being Honda Assure policy passed claim amount will be paid by the Insurance Company directly to M/S Splendid Motors Pvt Ltd ,Jabalpur, MP & we should pay the balance (Rs. 1,16,532.00 only vide receipt No. R/11001604 dated 20 Feb 2012) as calculated by them the surveyor and M/s Splendid Motors Pvt Ltd, Jabalpur, MP (Authorised Honda repairs workshop). We paid the required amount for taking the delivery of the vehicle. Though we had requested for a copy of the report from both surveyor & Splendid Honda, the same was not provided to us. The manager at M/S Splendid Motors Pvt Ltd., Jabalpur, MP (Authorised Honda repairs workshop) informed us that they are taking the required amount on the basis of advice of appraiser.

It may be informed that the car was in perfect condition before the journey as tested at M/S Pearl Honda, NOIDA vide invoice no. 1107192 dated 25 Jan 2012. The accident caused the damage & insurance company is responsible for reimbursement for repairs as per laws.

Thanking you


Renu Jolly
For Rigaully