Bajaj Finance — Terms and Conditions mentioned in sanction of Personal loan not accepted.

Address:Mumbai City, Maharashtra

Without confirming for insurance loan was disbursed and now I got reply you will get insurance policy up to 5th June. If am not agreed on Insurance Clause for my personal Loan Application than why forcing me to pay insurance and get back surrender Value of that? Can anyone explain me . My Loan was sanctioned of Rs 5, 00, 000/- + Rs. 51, 000/- Insurance Charges ( Not accepted by me) = now shown in Online account is Rs 5, 51, 000/-. I am agreed for Only Loan Amount of Rs. 5, 00, 000/- and also liable for that only. Please give me some solution I am stick with that transaction. Otherwise I am looking other ways. For Personal Loan insurance is compulsory as per any law. As per my understanding Insurance Policies are sale by coercion.
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Dear Sir

At the outset, please accept our apologies for the inconvenience caused. To help us expedite the process of resolution of your query, could you please share your loan account number with us?

With regards,

weCare
Bajaj Finserv Lending

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