[Resolved]  Bajaj Allianz — non receipt of foreclosure life policy

Address:

Hyderabad, Telangana, 500005

Sir, i have purchased a policy [protected] from bajaj allianz insurance company ltd on 28 march 2007 with a single premium of rs 20000. My agent told me that only one premium is sufficient, hence i paid only one premium. Policy was prematurely closed by the company quoted reason that minimum 3 premiums were necessary to run the policy. The fund value as on 08 jan 2008 was ₹ 26792.34. I was contacted by the agent stating that in order to keep policy i have to pay premium and he would part with some commissions, which i disagreed and filed a complaint in 2008. No action was taken and neither received any payments. I need to be paid the current fund value had my policy was in place.in case i have to pay regular premium for all these years to reinstate with full benefits, i am willing for it.

Therefore, i kindly request you to please make it clear that who had make the fault either your insurance agent or the company itself, due to which my policy was foreclosed and i have to bear both financial loss as well as my insurance cover was also gets end.
Please resolve the matter and paid my amount.

Thanks.
With regards.