Bajaj Allianz — fraud sales person

5 Reviews
Dear Sir,

First of all thank you. Myself Rakesh Tiwari Mobile No.-[protected].
1.) My policy No.[protected] for paid 30,000.00 Rs in 3 instalments during 3 years.(10,000.00 Per year)
2.) My brother’s policy -[protected] is paid 1,50,00.00 Rs in 3 installlment during 3 years(50,000.00 Per Year)
During the time, lots of cheating come to know so that I Went to Pandari Raipur Contact No[protected]C.G.) just want to surrender my policy. But when I know the process for surrendering my policy they told me you will get only 18,000.OO + Rs. and 1,12000.00 +Rs. From Second Policy on 17/0ct/2012.I told please complete the surrender process today. They has given excuses like lots of documents and say to us will complete the process tomorrow. Document required for submission is Cancelled check mention with required format and policy.
When I went on 18/10/12, they have told me share market has down and your refund amount is decrease -500 Rs. And also receive message from Bajaj-LM that your request no 29618291 is pending for some requirement from your side .Please visit our nearest branch or call.

This is the worst company which gambling with customer money. I have loosed 50,000.00 Rs total from both policy.

Please take some necessary action so that customer harassment can be stop. This type of Fraud agents which are selling silly policy to cheat with customer.

Thanks & Regards
Rakesh Tiwari Mobile No.[protected]
Mailed :- [protected]

fraud sales person
Complaint comments  4 Comments     Updated: Share0Tweet0


Dear Rakesh,

We regret to know that. We have noted your policy details and we are looking into the matter. We will get in touch with you soon to address the same.

Bajaj Allianz
Life insurance
Dear Sir,

The document which you are talking about already came on 15
days, according to your policy we can not claim.

2nd at the time of taking policy you all always explain about benefits
like double your amount or more.

The formula which always goes to loss 1-(1/1.05)^n means, where n=
years, 1/1.05 = 0.953(Approximately) 3 times means =0.867 again
1-0.867 =0.1344, means 4, 032 Rs from 30, 000 & 20, 160.00 Rs from my brother policy.

then multiply to capital then customer loosss..What a bloody fullish
things ...!!!

Have you write this thing in policy documents.

I will try to explain to every one what kind of fruad your company

We losses 50, 0000.00 Rs.

What kind of policy and business without doing anything you have eaten 500000.00 rs without giving any
benefits to the customer with lots of tension.


Thanks & Regards
Rakesh Tiwari
> B.E.(IT)
Dear Rakesh,

We have sent across an email on 5th Nov with details on the issue. Request you to please refer to the same. An alternative solution has also been mentioned in case you are not satisfied with the resolution.

Bajaj Allianz
Life insurance
Dear Rakesh,

We have sent you an email today, 12th Nov 2012 regarding the confirmation of your surrender payout. Please refer the same and follow the mentioned instructions. In case of any further queries, please feel free to get back to us.

Bajaj Allianz
Life insurance

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    Bajaj Allianz - fraud sales person