[Resolved]  Bajaj Allianz Life Insurance Co Ltd — Bajaj allianz - new family gain policy - no,86416174

Address:	638010
Website:	CONSUMER COMPLAINTS

Dear sir

i had subscribed bajaj allianz life insurance policy viz. New family gain in 2008 and my policy no.86416174 . I and my other friends were informed by their agent at erode that we were to pay the premium for the first three years only from the date of purchase of the policy and after that we need not pay premium.

I paid rs.30, 000/- (rs.10, 000/- each year) starting from 2008. We honestly paid for three years without fail.

I am now shocked to receive a cheque for rs.9964/- only -from bajaj alliance life insurance co mentioning that this is full and final payment.

Bajaj allianz while introduced the policy has fabulously informed the investor that they will protect every rupee
now they has cheated the investor by sending one third of the investment.

Pl advise as to how we are to proceed to recover our full payment.

I had put my hard earned money and got cheated.

Poor investor like me should not get cheated in future.