Bajaj Allianz Complaints & Reviews

On cancellation of policy number: [protected], I was sent an acknowledgement from Bajaj Alliance that the refund amount would be Rs. 28669.07, but when the amount was finally settled to my account, it was only 24837 Rs. On complaining about the difference in settlement amount, I am told that due to temporary system error the amount given in the letter was more than the actual.

The cancellation was done on 5th Feb 2011. I have raised several complaints after this, and the only reply I get is about the system error. As a customer I believe the acknowledgement letter to be the final, and expect the same amount to be given to me.

Dear Sir,

This is to bring to your kind attention that the writer had taken an insurance thru Kun Hyundai from Bajaj Alliance for my Car TN20 AE 7420. When car met with an accident and I had approached the service centre for Insurance claim, I did not get a proper response on my claims and my claims were not accepted stating that the policy does not cover it. The Service Guy was telling me that I had to speak to the Insurance contact Mr. Nandakumar of Kun Hyundai. When contacted Mr. NandaKumar, I was given a Contact of Mr.Hamid of Bajaj Alliance who at a wild tone said that I cannot call him and have to call the service centre. When asked about the complaint handling desk for both Kun and bajaj Alliance, I has no response and it went for more than a week and finally I had to tell the service centre that I will pay for the full charge and take delivery of my vehicle.
I am not clear on what is the dealing between Kun Hyundai and Bajaj Alliance to recomend and take a insurance and then say that this is not covered or that is not covered and make the repairs at an expensive charges. Why is Neither Kun Hyndai or Bajaj alliance contact able to give the complaints desk contact or email.
The Writer will be taking the case up with consumer forum for justice and would like to place a record for other are not being cheated and harrassed by such a Manner.
Thanks, Your Truly...Nagarajan

I, Shri Prasanta Kumar Baruah, an employee o[censored]nited Bank of India, Amguri Branch,Sibsagar (Assam), was approached by Mr Amit Ranjan Sen, Relationship Manager of Bajaj Alianz LIC attached to our Branch for a term Insurance against my staff car loan amt of Rs.2,58,700.00.An amount of Rs. 7923.00 was debited from my loan account as single premium for 7 yrs policy term with an assurance to deliver the policy within 2 days from the date of transaction. The assurance has turned out to be false. The said Relationship Manager has been missing since that day without giving me any receipt thereof or even without giving his contact no. Since the policy was additionally financed by the Bank, I am to furnish the policy and the authority is forcing me hard for the same. Similar fate has occurred to other 7 customers who took loan from our bank as Mr Sen had debited a sum of Rs. 27360.00 collectively from their loan accounts. The total amount collected from our Bank was Rs. 35,283.00 vide transaction no. M220486 dated 03/04/2010.
I request you to look into the matter seriously and Issue the policies at the earliest which will save the image and goodwill of your organization.

Shri Prasanta Kumar Baruah
Manager Operation
United Bank of India
Amguri Branch
A.M. Road
Amguri-785680
Distt- Sibsagar(Assam)

Respected Sir,

It is to intimate that I am working as Insurance Consultant with Bajaj Allianz Life Insurance Co. Limited since February, 2007 and my IC code bearing no. [protected] is active till todate. Further, it is to intimate that during the month of December, 2010, Branch Manager, Ambala as well as my Sales Manager Mr. Kuldeep of Ambala branch (Bajaj Allianz Life Insurance Co. Ltd.) that incentive amounting to Rs. 14550/- has been sanctioned in my name by the Head Office of Bajaj Allianz Life Insurance Co. Ltd. They further informed that before disbursement of the incentive amount, it is essential that I will deposit one case of insurance not below the amount of Rs. 10000/-. On their request, I deposited one case amounting to Rs. 12000/- (Yearly installment) with the company during December, 2010. Thereafter inspite of repeated requests telephonically as well as personally, incentive amount has not been disbursed to me till to date.

You are therefore requested to kindly help me and necessary directions may kindly be got issued to concerned office to disburse the amount of incentive to the tune of Rs. 14550/- immediately, as same has already been over delay. My Email address is [protected]@yahoo.in. You early action in the matter is solicited.

Thanking you,

Sonia Rani Malhotra, # 19/3, Hydel Colony, Yamuna Nagar ([protected])

I would like to bring to your kind notice that I had invested Rs. 25, 000 in Bajaj Allianz Century Plus in Nov 2007 and Rs.25000 in Bajaj Allianz Century Plus in Feb 2008 . At the time of starting the policy, it was told by your representative Mr Rajesh s/o Pandurangappa, Bajaj Allianz agent BellaryBranch that it is one time investment, but now dialy I am receving the PREMIUM RENEWAL letter asking me to pay the next premium amount of Rs 50, 000. But with this kind of breach of trust and false promises I've lost faith in the company. Kindly tell me whether and when I can withdraw the money, and what will the amount that I already invest in the fund. Kindly advise,

h.m.srinivasa.-[protected]

Dear Sir,

I wish to bring this complaint of mine to everyone's knowledge. Bajaj Allianz is the worst insurer and they have the worst management and customer care, who are least interested in resolving customer complaints.

I had bought about 5 policies from Bajaj Allianz in 2008. One of them lapsed due to non payment of premium the second year only. I revived the policy during their special revival campaign and paid the next two years premium to revive the policy. Now after almost a year since premiums were fully paid and receipts received , that is, three years of policy have completed and I get communication from Bajaj Allianz that the policy is lapsed and I need to submit various documents to get it revived and if I don't revive, the money will lapse and I'll get no refund. These people really think that our money is made out of junk, which doesn't have any value. I request you to kindly look into the matter and suggest me as to what can be done in this regard.

Thanks
Sandeep

Please let me know my policy status
policy number: [protected]
I surrendered the policy in december and money is still being cut from my account. Also let me know when I can expect refund.

I am Nagarajan and a brand loyal customer of Hyundai of all times. I have a Santro Xing Vehicle - TN20 AE 7420 for which I have been regularly taking Insurance thru KUN Hyundai in the past and the same was done this year also in Feb 2011. My Vehicle met with an accident on the 18th Feb 2011 and I have given my vehicle for repair and Insurance claim.

The handling of the communication and customer care was very shabby and pathetic till date from 21st Feb 2011 till date. I have not got any clean response from neither the service rep , not the Insurance contact of Kun Mr. Nandakumar or the Bajaj Alliance contact Mr. Hamid. The Service rep said that I have to speak to the other 2 for any querries. Mr. Nandakumar and Mr.Hamid all were saying the same that I have to contact the other for any querries as they have already advise the other. None of them were aware of what has to be done.

Mr. Hamid advised that he will come back on a querry and was also Rude on stating why are you calling me when I called back and shouted that You have to call Kun Hyundai.

Mr. Nandakumar not picking the phone are calling back advised that it is between you and Bajaj and we are not involved and you have to speak to Bajaj.

Sorry to keep you informed that this was the most pathetic coordination and communication with customer I have ever seen. My Car is still in Kun Hyundai for the past 10plus days. I have today morning met the service manager of Kun service centre regarding the above and awaiting his response.


Best Regards

Nagarajan

I was worked in Bajaz Allianz Life Insurance corporation of India. My Dep.ID-69203, Date of Joining: 19.08.2006 under MAFOI.
so that i want to know my PF details and how i withdraw that amount. please guide me details.

After login as your given email ID: http://www.mafoi.biz/ourpeople is unable to give any information. so please guide me with detailed process in the email ID.

My email Id: sanjay.[protected]@rediffmail.com, mr.[protected]@gmail.com
Mobile No: [protected], [protected]

I son of Mr.Suresh.S.Gala is already stating continuosly to cancelled bajaj allianz policy but no one is responding for as i am not able to pay the amount. please kindly do the needful.






Regard's

Bhavesh Gala....

Dear Sir/Mam,

Myself Sushil Tiwari I was working in Bajaj Allianz Staffing solutions in Dist- Bilaspur ,Chattisgarh ,my employee code was BL04498, I have dispatched my PF form on 30th Oct 2010 But till date I have not received my PF amount and BASS HR has not provided me the PF number number even after giving mails & asking the PF number telephonic conversation .Kindly do the needful as soon as possible

Name - Sushil Tiwari
Emp - Code BL04498
PF NO -
Mobile [protected]

Hi,
My name is Dipesh Mistry. I have taken the Bajaj Allianz - Capital Unit Gain having policy # [protected] four years back in 2007.I had premium amount of Rs.20000/- per annum.Current fund value is around Rs.66,000/-.At the time of taking the policy the Bajaj Allianz people told me tht there would be 3 years lock-in period and after which I could withdraw my money back.After four years also the ULIP is not performing well. MOrever there is no way to track the Capital Unit Gain policy as there are no details given on the Website of Bajajallianz. Now when i m trying to withdraw my money these people are saying that I will be charge 55% o[censored]nits which would be around Rs10000/- . That means BajajAllianz is cheating people for this ULIP by misleading them.
I request IRDA to please help me in this and get my money back without any loss.

Thanx.

Warm Regards,
Dipesh Mistry
Cell : [protected]

To,
The Consumer forum
Sub: customer grievance

Sir,
With a great respect, I beg to say that I have taken single premium policy for my sister (Rita Devi) three years back on 12th dec.2007.
Policy no.-[protected] & [protected] from Bajaj Allianz insurance com.
That policy I have taken through their agent (Ram nath mourya, mob-[protected]) &manager(Mr. subhash,mob-[protected]).they have physically visited my sister’s home in the presence of me and filled the proposal form ensuring that single premium policy is being given.[I have also an evidence in support of this assurance as mobile voice recording .
But they have given regular premium policy that matter was discovered when after three year completed I approached the office with my Sister’s husband ( JIJA G ) and asked my matured amount. I have been denied of any amount due to foreclosed policy. I have complained branch manager about miss selling with proof bur they are not co-operating me.
I am helpless and not getting to do anything. please direct me. It is the matter of customer grievance.I have mailed head office yesterday and today but no response yet.

Sumant kumar
Add.-4/24,saket block,mandawlli
New delhi-110092
Mob.-[protected]

Policy holder-Rita devi
Policy no-[protected]
[protected]
Branch-A-3,2nd floor,sec.-4
Noida,u.p.-201301
Tel:[protected],4731066











To,
The Consumer forum
Sub: customer grievance

Sir,
With a great respect, I beg to say that I have taken single premium policy for my sister (Rita Devi) three years back on 12th dec.2007.
Policy no.-[protected] & [protected] from Bajaj Allianz insurance com.
That policy I have taken through their agent (Ram nath mourya, mob-[protected]) &manager(Mr. subhash,mob-[protected]).they have physically visited my sister’s home in the presence of me and filled the proposal form ensuring that single premium policy is being given.[I have also an evidence in support of this assurance as mobile voice recording .
But they have given regular premium policy that matter was discovered when after three year completed I approached the office with my Sister’s husband ( JIJA G ) and asked my matured amount. I have been denied of any amount due to foreclosed policy. I have complained branch manager about miss selling with proof bur they are not co-operating me.
I am helpless and not getting to do anything. please direct me. It is the matter of customer grievance.I have mailed head office yesterday and today but no response yet.

Sumant kumar
Add.-4/24,saket block,mandawlli
New delhi-110092
Mob.-[protected]

Policy holder-Rita devi
Policy no-[protected]
[protected]
Branch-A-3,2nd floor,sec.-4
Noida,u.p.-201301
Tel:[protected],4731066

i have been a single term policy plan ,but your beema ajent to abuse me &420 kiya , avam poicy plan ko bina meri jankari ke reguler kiya hai . mai is higher premium ko afford nahi kar sakta hoo, ple. meri sikayat register kare , avam ajent ke oppsite action le , i m small salary gain Rs 8000/-per month ,my wwife is ill for HEPATITIS -B for treatment is being AIMS DELHI , i m veri pussale ple.help me

I have submitted all documents related to pf,on the 1st of feb 2010. But i didnt get any thing from PF office. My PF number is MH/PUN/300862/791. And emp code is-BL00851.Kindly look in to the matter and do the needfull at the earliest.



NILESH MAHADIK.

I have taken policy in Bajaj allianze ( Policy number [protected] and [protected]) and surrended it on 18th Jan 2011. Still I have not received the amount. I called Bajaj Allianze Jayanagar branch and not got any proper update or responsible answer for not getting money. They are telling they sent the cheque through over night courier on 4th Feb 2011 and given the contact number and the consinment number[protected]. I called all over night courier numbers but not able to trace where my cheque is laying and when I will receive that. As it is a local courier delivery (Bangalore Jayanagar to Bommanahalli) it should come on the same day. Please help me in this regards. My contact details are :
Shama M Naik. Ph [protected].

Dear Sir,

I have bought a policy of Bajaj Allianz in 04/01/2011 named MAX ADVANTAGE INSURANCE PLAN, i have paid a premium of Rs.50000/-and i receive the policy document on 7/01/2011 .and i had request to cancel the policy during its free look period
i had submitted all the related documents on 18/01/2011 in Raxaul branch.
while talking to its customer care they have told that you will be refunded full amount of premium paid while cancelling the policy in free look period but the company have refunded Rs 44404 only they have deducted Rs5596
so i want my money back
waiting for your reply

vidhya devi dugar
mobile:[protected]
Email:[protected]@yahoo.co.in

I had taken an insurance policy in bajaj allianz in 2003 and I had paid yearly premium of Rs.5400/- for nearly 6 years which alone works out to more than Rs.32000/-; When I had surrendered it last month, I received only Rs.14000/- which does not even cover 50% of the premium paid by me; I now strongly beleive that we should not insurance in private insurance companies.

Hi,

My Mother was holding two Bajaj Allianz policies . Due to my father illness and his death in 2009, my mother shifted from her house.

As she was away from the house for past 2 years, she didn't knew that she had premiums to be paid for her two polices. Now someone called us that there was a letter stating that these policies have been lapsed.

Kindly let me know how can I renew her policies or is there any way to take the Fund value back?

Thanks
Vivek

Hi. I am holding 10 Policies of Bajaj Allianz. Despite being having Direct Debit facility, I faced problems in making my premium on time. Result of which turned into lapse of my Policy No. [protected]. I being asking for change of address for last 3 years thru emails and phone calls, that also not been updated. I request you to kindly take action. Adnan Safee