Bajaj Allianz Complaints & Reviews

Hi,
My Policy Number [protected] - UG PROTECTION PLUS SIZE ONE, was surrendered on 3rd July 2012.

This policy is more than 3 years and I was not able to close it before 3 years, hence I was forced to pay the premium even though the fund value was going negative.

I was fed up with this Policy. I had made a payment of Rs.1,95,000/- till date and the fund value was only Rs.1,58,000/-.

On surrender I had got a receipt which is reflecting a surrender value of Rs.1,58,200/- where as the amount credited to my account is only Rs.1,50,400/-. Again a loss.

Where did my Rs.8000/- go missing? Please answer.

Regards,
Deepak Naik V.

I bought a Bajaj Allianz policy-[protected] on 25th sep, 2007 for a period of 20 years from 17 January 2007 to 16 January 2026 and till date I have deposited total 3 premiums of Rs. 25,000/- each for the year 2007, 2008 and 2009.
Now, I want to withdraw the said policy. In this regard when I visited the office of the Bajaj Allianz, Branch Anna nagar, chennai and I asked for the procedure of withdrawal of my policy, then they told me that Rs. 10500/- approx. will be deducted as surrender charges for withdrawal of policy, which is about 20% of the principle amount deposited as premium i.e. Rs. 75,000/- which is higly execesable and not mentioned anywhere in the policy conditions and imposing now the charges which is not menitioned in the policy condition and are discretionary which is unfair trade practice and deficiency of service from the part of Bajaj Allianz.

This is for your necessary action at your end.please mail [protected]@yahoo.co.in,contct [protected]

Regards
JANI
CHENNAI

MY POLICY NUMPER IS [protected]
PLAN - CAPITAL UNIT GAIN SIZE ONE
START DATE 25.09.2007
CLAIM STATUS DATE 25.09.2012
MY POLICY DID,T GROWTH SINGLE PERCENTAGE,THE CUSTOMER EXECUTIVE TOLD MARKET VALUE IS CURRENTLY VERY LOW.
TOTAL PREMIUM FOR[protected],[protected],[protected] = 75000.00
CURRENT STATUS 75000 LESS WITH DRAW FINE 15% = 11250.00
[protected]
63750.00
[protected]
WHAT IS THIS...THIS IS TOO MUCH CHEATING.......

Respected sir,
I lost my bike near Durg railway station, and claimed against insurance of the bike, but they have rejected the claim, please help me in this.

Chitesh kumaR Dewangan
Mob. [protected]

Hi, This is Prasanna
I want to surrender the Plan for policy No:[protected]
Please let me the procedure and the time and the way to get the money back.

Dear Sir,
I have gone to bahraich branch of bajaj allianz to surrender my policy which my father has opened in my name when i was minor but i face various problems.....they are mention below


its not mistake of bahraich branch but a mistake of company who is not listening



not listening to my query as when my policy is opened i was minor and i have signed in english as simple,now i become major and i wante dto surrender policy and want my balance amount but the company said that u will sign as on proposal form but i am unable to sign as i sign it before as my sign changed,now i want to change my sign as i done in current but comapny is not listening

Policy Number: [protected]
Policy Holder Name:Araj Agarwal

Mob No.-[protected]

Dear Sir
This is with regards to my car accident insurance claim no OC[protected]. The claim was filed by me through my agent/authorized car repair organisation in the second/third week of April. i am very sorry to say that i am yet to receive my refund amount. it seems that bajaj allianz takes more than one and half month to clear a claim..i dont think so.on calling on the authorized persons ( Mr Amol Sawant ,[protected] it was revealed to me that they have not received one of the document , which is absolutely ridiculous excuse. in this particular case they required a cancelled cheque which was required for ECS of the refund value to my account directly.in that case the person who had carried out the survey (Mr Praveen from mumbai) should have piped up in time.why is that they want the customer to struggle and call here and there for the status ( even though i had submitted the cancelled cheque already ).Not withstanding that i again subbmitted a cancelled cheque .again there was considerable delay.On inquiring again they claimed that my papers have not reached.this was like enough.if it was the case again why dont their executives bother to inform the customer.why do they wait for us to find out things.this is absolutely one pathetic service to come across.I am very sorry to say that this kind of service is absolutely uncalled for.as a matter of fact i had to resubmit the papers which again they claimed to not have received.but perhaps their in-house mailing system works on snails pace.as later it was found that the letter was lying in their office dispatch section since couple of days and no one bothered to forward it ahead.but that's not the end.finally their executive ( Mr Amol Sawant) says me that i will receive a cheque as ECS cannot be done due to some very absurd reason which he gave..now this was like too much..after such a long delay and mental harassment this is what bajaj allianz people come up with....i want a suitable answer to all this that has been happening intheir so called highly professional organisation and a suitable replay to be made to me by the allianz people justifying all the above.I request to kindly consider my case and take up the matter with haigher authorities.

Thanks

Mr Loknath Maharana
[protected]
[protected]@yahoo.com
car insurance policy no. OG[protected]-00037899

Hi
This complaint about not received Original policy, negligence from customer executive and customer centre.

From customer executive - not committed for time and there statement, no response at all, almost more than one month not received original policy, I have called more than 100 times to them
Executive name - Geeta Chaskar , Rohit Nitnaware

From customer centre - registered two complaint
Complaint no. 17904428 , on 24 May 2012 - to Prachi Kale
Complaint no. 17960731 , on 27 May 2012 - to Gaurav Updhya
on 28 May 2012 - I have checked status of courier and again registered complaint to Senior customer centre .

I have given all required documents and ICICI cheque to customer executive on 11 Apr 2012, after several followup got soft copy of policy from Rohit on 18 Apr 2012.
Till now not received original copy of policy and no final answer from BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LTD.


Thanks

Ashish Ashok Pawar
[protected]

Dear Sir,
Mera name Subhash Kumar Sharma, S/O Pairoo Sharma. Maine bajaj life insurance company limited me invest plus ka plan liya hai jo traditional plan hai. Mujhe amit name ka ajent ne juth bolkar mujse policy karai hai ki apko sirf 3 years tak regular policy chalani hai phir 3 years ke bad lock kar sakte hai aur jab 3 years ke bad surrender karte hai to apko 55 thausand repees milege. Yehi bate mujhe mere mobile par bar bar phone karke bajaj life insurance bale maddam duhrate rahe jisme mai jhanse me aaa gaya aur policy karba liya. Jab mujhe book mila to 25 years ka plan mila. Aur maine reject ke leye bajaj office me application diya. Kynoki mai 25 years tak nahi chala paoonga. Phir phone karke yehi bate mujhe mere mobile par bar bar phone karke bajaj life insurance bale maddam duhrate rahe ki appko 3 years me appko 55 thausand reppes milenge. Branch office sec-4, noida me 3 years primium jame karne ke bad maine unse surrender ki bat ki to mujhe sirf 2 years ka 30% dene ki bat kah rahe hai. Isme to mujhe proffit nahi balki mujhe very loss ho raha hai aur mujhse 25 years tak policy chalane ki bat kar rahe hai jo mere bas ki bat nahi hai. Aur kah rahe hai ki apki policy chalti rahegi phir appko kuch nahi milega. Maine bahut mehnat karke paise bachaker primium jama kiya tha aur 1 hi jhatke me sara paisa loot gaya. Mujhe Agent ne Jite Mar Dala. Please suggest.

Policy no. [protected]

Thanks & Regards
SUBHASH KUMAR SHARMA
Mob. [protected], [protected]

I have also purchase capital unit gain of BA policy No. [protected] on[protected], annual premium 20000/- . I am shocked to hear 52% surrender charges after full five year regular premium paid. I go through NAV watch they deducts 11- or 12 units every month from my accumulated units. This is too much I lost nearly 3500/- every year from my hard earned money. But they cheater cocks do nothing about in this matter. Worlds costliest and rubbish policy I have ever heard about. Why not rahul bazaj come forward and take action against the cheater founder managers of the company.

Hi,

My name is Naveen Gadagi. I have taken the Bajaj Allianz - Unit Plus Gold having policy # [protected] back in 2007.I had premium amount of Rs.12000/- per annum.Current fund value is around Rs.32000/-.At the time of taking the policy the Bajaj Allianz people told me that there would be 3 years lock-in period and after which I could withdraw my money back. Now when i m trying to withdraw my money for personal financial needs these people are saying that I will be charge 40% of first year premium and that would be around Rs4000/- . That means the total i will be getting back less that invested. it is like Bajaj Allianz is cheating people misleading them.

I request IRDA to please help me in this and get my money back without any loss.

Thanks & Regards
Naveen B Gadagi

I have purchased a Bajaj Allianz policy no 73232153 in 2007 of a premium of Rs 12,000 (6000 half yearly). Since then my fund value is going down day by day. After giving 9 premiums (in 4.5 years) = Rs 6000*9 = Rs 54000, I decided to surrender the policy.

Before surrender the policy I confirmed from Bajaj Allianz Call Center in order to get the surrender value on number[protected] on 23rd & 24th April. On both day the telle callers told me that I will get approx Rs 50,000 or above depending on current NAV. only Rs 2450 will be deducted. (My both calls have been recorded there, You can confirmed those)

On 24 April when I submitted the surrender form. On 2nd May I received the money direct into my UBI account ***187, it was only Rs 47009. Why they have deducted too much amount.

I am very upset since then. No body is listening. They are telling nothing happened now due to policy is surrended. Call centers told me wrong info otherwise I will not surrender the policy. Please do something to get my remaining fund back. Why Bajaj Allianz making fool to innocent policy holders?

Regards
Kishore Kushwaha
+91-[protected]
Bajaj Allianz policy No: 73232153

April 10th I (Imran F Khanzada) had paid the premium of Rs.13231 against my Car Insurance Policy (MH 01 AC 2797). The policy was purchased & premium was paid online via my HDFC Credit Card via IVR. I received the payment receipt with a receipt number & customer ID. I was told that the policy would me mailed to me in 4 working days. Its been 8 working days, i have neither received my policy nor any confirmation from Bajaj Allianz for my payment or policy. When i call the toll-free number they keep on transferring the calls here and there but they say that we cant track your receipt number nor your policy, not a single piece of trace is available about my payment to Bajaj Allianz. My Credit card statement says that the amount of Rs. 13231 has been paid to the company. I am in a fix as to whom should i ask about what happened to the payment i made & my policy. Please do help. I am attaching the receipt which is the only proof i have.

sir iam k. rajesh babu agent of bajaj alanz i gave bill of 5000/- i have n't recieve any amount from my company my ic no is [protected] i am guntur office i am ageant i call rambabu he is in the vijayawada office his cell no is [protected] i call to but he told it is wrong no but this no given by baja office people gave this number. pls see my amount i gave this under infermation act so pls gave replay as soon as thank you.

I had purchased the policy from Bajaj allianz life insurance co in November 2011
But no one take it seriously. Please tell me your telephone/mobile numbers so I tell u each thing properly



Regards,
Parmod kumar
[protected]
Amritsar

My current plan-Bajaj Allianz Capital Unit Gain policy no is [protected]. I want to know the present status of my policy amount.

Respected Sir/Ma'am i'm Chandan Mahajan,residence of Sujanpur city.HN:-155,kankalan mohalla. Before some years i bought bajaj allianz insurnce unit gain plan with policy no:[protected],with premium instalment 10000/- annuly in the year of commencement:-28/3/2007.so many time i visit bajaj life insurance office,that held in pathankot and them to refund me back my premmium.but they told me that ur policy is lappse.we can not refund ir money back due to over company policy.

I purchase car insurance policy from bajaj allianz thrg berkshire --insurance policy number og[protected] amt paid rs16579. They told me if i accept voluntary excess 2500 then no compulsory deductible, but when policy received compulsory deductible amt 1000 seen. I send many mail & calls but Refund not received yet.As company using money so i wl approach to consumer court. Pl avoid purchasing on net or phone any policy==warning for all customer==deshmukh M. S. [protected] Law officer Nashik Maharashtra

Bad customer service as well as delaying in making my payments of surrendered policy...

not giving any specific resons as well..

using my money since 7 days ans asking me to wait for more 10 days which is not written anywhere in policy documents.

my policy no is : [protected]

not at all satisfied with the service where as LIC is best and reliable too...

I had apllied for insurance of my 2 wheeler on 7 feb 2012 at Manan bajaj maninagar Ahmedabad. I have not received and policy till date 5 April 2012.
I had called many times to the agent who has not given any satisfactory answer to me.

Reciept no 11651 date 7 feb 2012

Please help me in this regard

Thanks
Pankaj Dubey
[protected]