Bajaj Allianz Complaints & Reviews

Bajaj Allianz told if Rs 30, 000 invested for a period of 3 years after the 4th year you can a sufficent growth of your money invested. this is a simply a cheated one. the 25 percent money was losed and only 75 % of money invested , the company will give.

who will ask this kind of curse?

Dear Sir/ Madam,

We have our current account no. [protected] in the name of Bajaj Allianz Life Insurance Co. Ltd.with your bank. We are avialling services services from last 5 to 6 years & no issues arises, but from last one & half financial year we are facing lot of problem in clearing of local cheque. As per TAT local cheque should be clear within 3 working days but there few instance where local cheq take approx 30 to 40 days. For this we informed to bank authorities & after informing the same we got the clearance of local cheques in next 3 to 4 days.

We require your attention in this regard & require feedback from your side.

Waiting for your valuable reply.

Regards,
Amit vij
Regional Manager Finance
UP-1
Lucknow
[protected] ext (109)

Dear Sir/Madam,

This is for your kind notice that in our Bajaj Allianz Life Insurance Co Ltd. Account no. [protected] amount of Rs.1,25,000/- & Rs.10,000/- debited on dated[protected] &[protected]. In this regard we are in regular touch with SBI Orai from last 2 years but they are not responding or providing any acknowledge against this complaint. All the time they said that there audit is going on, Branch Head is not there etc.

Said amounts was marked by our Statoury Auditors. It would be geat help of your if we get reply against this compliant.

Waiting for your valuable reply.

Regards,
Amit Vij
Regional Manager Finance
UP-1
[protected] ext (109)

I bought a Bajaj Allianz CUG policy, on 17th january, 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. 10,000/- 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 Preet Vihar, Delhi and I asked for the procedure of withdrawal of my policy, then they told me that Rs. 5800/- 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. 30,000/- 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.

With Regards


Rajesh Dwivedi
Advocate

My PF account Number is MH/34020/023833. I have submitted my PF Withdrawl Form at PF office pune on 7th August 2009 but till date i have not received my PF amount.As it is a process of 4 - 6 Months but almost 8 Months has been gone.

I

MADE INVESTMENT TO THIS BAJAJ POLICY THROUGH RMP IN FEB.08

BUT RECEIVED NO BOND TILL AUG 09 AFTER SO MUCH REMINDERS AND SO LONG FOLLOW UP AFTER SUBMITTING INDEMNITY BOND. BUT WHEN I SAW THE T&C IN THE BOND I RETURNED IT IMMEDEIATELY FOR REFUND OF MONEY BUT THEY RETURNED IT SAYING ITS AGAINST OUR TERM AND CONDITIONS.


NOW NEITHER THEY ARE TELLING ME THEIR TERM AND CONDITIONES NOR ENTERTAINING.

PLEASE HELP.

After making regular follow-ups, Zero responce from PF Office-Pune, Not received my EPF Amount till date, Date of submission of application to Employer-Bajaj Allianz Life Insurance Co. Ltd., Head Office, Pune, on 21st July 2009, Employer submitted application to PF Office, Pune on 26th August 2009, My employee code is 72761 & PF No.-MH/34020/004039. Want clear date of receiving my PF amount. as I need it very urgent.
Vrajesh S. Raikar
[protected]

sir this is vishal gupta again policy no [protected] . i had posted a compliant against the same policy number here on 14/01/2010 about delay in the claim.
now after a battle of 6 months with the company about this claim ,at last the company has passed the claim but again its disappointing i had filed a claim of rs 30,000 with the company but they have passed only rs 10500 only. no bills for medicines, doctors fee ,nursing fee, lab fee,admission fee , and miscellaneous charges have been passed by the company .
i am enclosing the attachments of bills i had sent and also the wordings of the settlement sheet.
please do the needful the earliest my contact no is [protected].
In the hospital cash amount settled they have paid 1000 rs (max in my policy) just for 4 days that is 4*1000= 4000 but i was hospitilized for 8 days for which i had sent them the bill so why only for 4 days only and also
PHYSICIAN/SURGEON & ANEST / ASST charges settled only 4500 and why not full 8000
and so on
SERVICES CLAIMED ADMISSIBLE INADMISSIBLE
PHYSICIAN/SURGEON & ANEST / ASST 8000 4500 3500
MEDICINE FROM SHOP 6275 0 6275
OPERATION THEATRE 2000 2000 0
MISCELLENEOUS 1400 0 1400
INVESTIGATION 740 0 740
ADMISSION FEES 500 0 500
HOSPITAL CASH 10500 4000 6500

the above detail is the extract from company's settlement sheet which i have received today dispatched by them on29/03/2010.

Dear Sir/Madam,
On 5-4-2010 I had visited Nedumangadu Federal Bank Ltd. to collect the bank statement for my organisation (Bajaj Allianz Life Insurance Company Ltd. )which is a regular customer of federal bank.But my experiance was miserable.As I had to wait for almost 2 hours for the bank statement for my organisation on other hand one of the official Named Preetha passed indecent comment regarding my organisation while printing out the bank statement for me. This is not atall a proper way to deal with the representative of such a multi nationalcompany like Bajaj Allianz. If this is the behaviour of the employer towards the representative of such a large company then what would be there behaviour towards normal customer, so kindly consider my above complaint and do the needful. Hope you would be taking necessary steps to avoide this type of complaints .

Hi,

I have invested Rs. 75 thousand(3 years each 25 = 75) in Bajaj Allainz Mutual Funds, the fund names are Equity Growth Fund, Equity Index Fund II. Now NAV value of the funds are Rs. 53000 thousand.As i invested 75k but now its worth is 53k, in this situation what should i do? shall i sell the funds or what can i do in this situaltion. or shall i keep this fund for sometime, will it increase the NAV?

Please advise me on this...

The claim inspector is not ready to approve the damage against which the claim has been raised.

I have a mail to the above company and its customer care has given track no.4026300 and to esclate the matter if the reply is not satisfactory to sandeepniar at his mail id. I again sent the mail to customer care and sandeepnair but his mail id is not receiving any mails. My grievances are:-
i. car of my wife Mrs.Shashi Jindal is insured from 31.01.10 vide policy No.OG[protected]-00034381. She has expired and I have sent the mail which is given above track no. to know the precedure for transfer the policy and in reply it has been obtained to obtain the signatures of previous owner for transfer of policy, which is impossible. before renewal of this policy the name of bank who has financed this car was mentioned in previous policy and now it is not mentioned acting in a negligent way. Please help me to sort out these issues.

I am a policy holder of Bajaj Allainz no.[protected] and the Policy Holder Name is MRS GITA ROY, Insured Person MR PARTHA SARATHI ROY and Inception Date: 28/03/2006 & Plan is UNIT GAIN PLUS and last week dated 25th-Mar-2010, I went Bajaj Allianz, Guwahati Bora Service office to withdrawn my policy and provide all documents including a cancel cheque and on 29th-Mar-2010, I got a call from Bora service office and one lady informed me that my Cheque was bounced against this policy and I am socked to knew it after 4 years and as per bajajallianz portal (bajajallianzlifeonline.co.in) my policy was surrendered and there is no Cheque bunch in my bank account. Requesting you to do the needful.

Hi i m iqbal a policy holder of bajaj allianz.one of my friend has suggested me to go with bajaj allianz.i have login-ed a policy in bajaj.bt now i m gonna cancel the policy coz of the poor service of bajaj,since 2 months i m waiting for my policy,wen i call the branch manager Mr.jitendra he speak very rashly and say "You do watever u want " and they never respond for my call neither thier executive nor the branch manager.

(1) MISTAKES FOUND IN POLICY NO.[protected]
A. POLICY HOLDER FATHER'S NAME READ : MOOSA ABDUL SALAM
B. READ ADDRESS :TYPE IV 47/2,H.V.F ESTATE- AVADI-CHENNAI600054
C.READ TEL NO.[protected]
D.READ NOMINEE NAME: SHAKERA SHAHEEN
E.POLICY HOLDER HAS TAKEN POLICY THROGH RCM AGENT CODE NO:8496721 REF.DRAFT APPLICATION COPY REQUEST TO DELET SAPPHIRE INSURANCE.
REQUEST TO THE ABOVE AND DO THE NEEDFUL AT THE EARLIEST

Dear sir,
I would like to bring to your kind notice that I had invested Rs. 50,000 in Bajaj Allianz Century Plus in Feb 2008. At the time of starting the policy, it was told by your representative Mr Suman Bannergee Bajaj Allianz agent Durgapur Branch that it is one time investment, but few days ago i received 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,

I tried to pay premiun for my policy through my credit cards twice and both time the transaction was unsuccessfull for Rs. 20000. It happened on 04-March-2010 and instead of my repeatedly calling them still they have just credited Rs.10000 today and telling that rest will be credited in another 4-5 working days.

I am really frustrated by their false promises and unprofessional behaviour.

I hope through this forum some one will respond back.

sir,
let me know about current unit price & value of policy.

Hi i am having Ulip policy with BALIC(Bajaj Allianz Life Insurance Corporation). I have paid two of my premiums offline(counter pay /cash), this is the third year. my due date is feb 4th. paid online on 29th jan. they said that they havent received the payment. this is not my fault i have paid online facility is given in your portal not third party or some strange thing i have used. After 30 day they paid back to my account(My first PaniPat Completed) and assured the policy wont get lapsed till 30th march.
Now i have made my payments on 24th on Bajaj allianz life Parrys counter. Now i logged in and found great they have charged only Rs. 2250 /- on giving me assurance that there wont be any lapse till march 30th 2010. Is there any thing that can be done. I called one number in chennai officer Named RAM and he said company policy is like that and we charges for all like this only.
Please beware i had a poor agent, initially when a agent comes he talks differently but when we accept and pay a policy he goes in search of new one (commision). He never follows ours.
I think company intentionally trains their agents like this so that they may get some income and share with their agents.......?
"Life insurance policy nowadays becomes a big mystery"

Dear sir,
one courier had sent from coimbatore to bangalore containing insurance paper of bajaj alliz insurance comany dated 14 th march . after getting message from mobile i followed 20th march and contacted dtdc southend circle branch Bangalore franchiser,mr yogesh tel No[protected], from 3 days he told me boys has gone for delivery and this is sad to say that he has not delivered the consignment and returned the documents to chamrajpet head office and he misbehave in telephone that i dont know your address and courier is not with me. you may complain our head office. lastly myself went to head office chamraj pet and collect the courier from there

this is the way of delivery of dtdc ? why mr yogesh of southend circle bangalore branch is going to spoil your name so please contact and enquire the matter this my humble request to you.consgn No-c27573045 piusa kumar