[Resolved]  Bajaj Allianz — sarv suraksha policy is a fraud

Address:

Faridabad, Haryana

I was forced to take the policy at the time of opening corporate account. I was told that you will yield 8.5% pa interest and there is no lock in period and you may pull out the amount any time after 1 years without any charges. Also they ifnormed you have 9.6 lakh of coverage. No policy documents were given to me by citibank and bajaj. I tried surrenduring the same after one year but i was told it will bear charges of almost 40%. I asked bajaj team to come and discuss and they came down to discuss and told me that it was something wrong from the citibank team but now the only option is to carry on this policy for 4 years so that there is no surrender charges. I have been continously asking for complete policy but it has not been shared till now. Now after completing 4 years when i am trying to surrender the policy i am being told that you will have to bear the administrative charges and also the life insurance premium!!! where the hell life insurance premium came into picture ??? I am still fighting with bajaj team to help me out and atleast pay me the total 1 lakh premium which i have paid and forget about the interest. please help