[Resolved]  Bajaj Allianz — insurance policy no. [protected]

Plaintiff
Salimma Sebastian, Pulickakunnel
Kunnonny PO, Kottayam Dist. Kerala 686582.
Tel.[protected] /[protected]
WhatsApp No. [protected]
Bajaj Allianz Insurance Policy No. [protected]

Defendant
Bajaj Allianz Life Insurance Company. (Pala Office Contact No. [protected] / [protected]) Kottayam Dist. Kerala.
Sir,
Subject: Bajaj Allianz Insurance Policy No. [protected]

Kindly note that I took Bajaj Allianz Insurance Policy No. [protected] in July 2008 and paid total Rs. 3, 00, 000/- (3 Lakhs) as following installments
1st Premium Rs. 1, 00, 000/- paid on[protected]
2nd Premium Rs. 1, 00, 000/- paid on[protected]
3rd Premium Rs. 1, 00, 000/- paid on[protected]
Total paid Rs. 3, 00, 000/-.
The Policy is matured in July 2018 and as informed by them the maturity amount is around Rs. 6, 42, 000/- (six lakhs forty-two thousand) and as per them, they will hold 2/3 (Rs. 4, 28, 000/-) of maturity amount and pay me around Rs. 1, 400/- to 1, 600 monthly pension.
Considering the interest of the holding amount of 4, 28, 000/- the monthly pension is very low hence, not acceptable to me.
Kindly intervene/take action to stop this exploitation and get the full maturity amount together now itself.
I took this policy based on Bajaj Allianz’s agent who promised full maturity value plus pension after maturity. Hence, I want the full amount together now itself. I would not have taken this policy if I have a hint the maturity payment as this way. If I would have opened a fixed deposit with any of the bank, this amount would have got at least 10 lakhs rupees by now. I cannot tolerate this exploitation further.
Also, the policy document does not indicate about the details of pension plan. Bajaj Allianz is changing the clauses for their benefits. While signing the policy document, it was only a 2 sheet (4 pages) contract. Later on the agent handed over to me another book with more pages after affixing the signed 2 sheets in the middle with glue.
Hence, I humbly request your goodself to intervene on this issue to get the full maturity value of Bajaj Allianz Insurance Policy No. [protected] together instead of holding 2/3 fund value and pay as pension.
I am in Kuwait and sick (Disk Prolapse patient)

Sincerely,
Salimma Sebastian, Pulickakunnel
Kunnonny PO, Kottayam Dist. Keral 686582.
Tel.[protected] /[protected]
WhatsApp No. [protected]
Bajaj Allianz Insurance Policy No. [protected]