Bajaj Allianz Life Insurance Company Limited — CITI Bank and Bajaj Allianz are openly cheating/fooling the innocent customers under the name of Sarva Shakti Suvidha.

Address:	411014
Website:	www.bajajallianzlife.co.in

Hi, When I opened the Suvidha Salary Bank account in CITI Bank in Jul-2010, I was offered for the investment plan as a policy (which will have returns like recurring deposit) from the CITI bank representatives, which will give me the guaranteed returns of at least 8 percent. Many of my colleagues opted to invest in the plan. The CITI representatives told us that we can surrender the plan at any time with the premium paid + 8% interest. But at the time when we opted for the policy we were informed that it is 5 years policy and not informed about the terms and conditions (charges, validity, service tax on premium, lock in period etc.) which they are now imposing on us. So far I have complited 5 years and paid the 60 premium installments with Rs.3000 each with total invested amount as Rs.1, 80, 000/-. Now my policy mactured and I went to the Bajaj Allianz customer executive and submit my original ceritifcate to claim my maturity amount, I got the response that it will take 2 to 3 months and you will get only Rs.1, 35, 000/- as a maturity amount against the 1, 80, 000/- I paid so far. Every time when I call the CITI Bank and Bajaj Allianz customer care, I got different answers from every other representative. Even I got the false SMS of my nearest Bajaj Allianz branches after providing the pincode of my area. After visiting the two nearest addresses in SMS, I found the office does not exist or either the branches are closed. This is misleading. I want my invisted money back with compound intrest of min. 8% . Regards Ramesh Pdhiyar M: [protected]