[Resolved] Bajaj Allianz - Capital Unit Gain Size One Policy — Non Receipt of Policy | |
I have invested in capital unit gain size one policy of Bajaj Allianz through RMP on[protected]Cheque number 994338)from trivandrum, kerala district but till date, I have not received any receipt copy of my money or any policy. I just know my policy number which i got from one of your agents(Policy number: [protected]). I have also made an enquiry at Babaj Allianz office at pune but they are unable to give me any positive response / information. Each person at customer helpline gives some excuses like system is hung or system is busy and sort. Then i made an enquiry at your trivandrum office. They told me that initially the policy was sent through speed post docket no:1022. This never reached me. I again made a complaint to Trivandrum Bajaj allianz office, then they said it is again sent through registered post RL2044. But still I haven't received anything from your guys. I having been going around post offices to check what is happening and the post master showed me some files from which it is evident that these letters never reached them. Its almost 3 months now and there is no clue till date. Please do the needful. Was this information helpful? | |
Aug 13, 2020 Complaint marked as Resolved | |
 164 Comments | |
Comments
I have taken capital unit gain size one policy and my policy No. is 59512414. Please let me know the present position of my policy and the site address from where i will get the details as and when required.
I have taken capital unit gain size one policy and my policy No. is 59512414. Please let me know the present position of my policy and the site address from where i will get the details as and when required.
i have a {capital unit gain size one }policy no.[protected] / [protected] can u tell me what is my grouth plz tell me
UNIT GAIN POLICY NO 72558926
UNIT GAIN POLICY NO 72558926
UNIT GAIN POLICY NO 72558926
Sir/madam
My policy number is [protected]. kidly let me knw the present status of policy.
I have not been informed about my policy since last 12 months. please keep informing regularly.
My policy number is [protected]. kidly let me knw the present status of policy.
I have not been informed about my policy since last 12 months. please keep informing regularly.
> Dear Sir,
NOTE : Please advise me what is the right descition should i Choose? What about the policy status?Suppose i continue this policy what is the benifit to achieve after 3 years.
I complained the same issue before one year in Grivience cell.
>
> This is to bring to your notice that I have been cheated by one of your
> agents from your Palakkad branch through whom I had applied for a Century
> Plus policy. A brief narration of incidents is listed below from which it
> would be clear to you how I have become a victim of cheating by
> your Palakkad branch.
>
> a: On 30th of March, 2008 Mr Vijayan approached me in Dubai to market
> Bajaj Allianz products. After going through the products and making it
> clear to him that I would be interested only in a single premium policy,
> he recommended me to go for Century Plus with a 95 % allocation . My
> other
> conditions before signing the application form was that the policy should
> be
> send to my Dubai address which he agreed to. (though later on I realised
> that bajaj allianz does not have a practice to send the policy outside
> India) . I signed the application form and handed over a cheque of Rs
> 2, 00, 000/- to Mr Vijayan. Also he had promised to send me a monthly
> NAV statement which till today I have not received.
>
> b: Since then there was no news from him and nor did I receive the Policy
> either at my home country address or at Dubai address. I didn't follow up
> with him since I was planning for a vacation in March 2009 and would check
> with him then.
>
> c: During mid February I received a call from Mr Sandeep Tirumala of
> your Palakkad branch recovery department asking me to pay the 2nd year
> premium of 2, 00, 000/-. It was an absolute shock to me. On
> further discussion with Mr Sandeep and Ms Sharmila did I realise that the
> policy issued to me was not Century Plus but Future Secure which is
> minimum
> three years premium payment policy and allocation of 82% in the first
> year. It took me by total surprise that a reputed investment company
> like
> Bajaj allianz would indulge in cheating their customers.
>
> d: During this discussion with Mr Sandeep & Ms Sharmila and explaining to
> them the above instances they never did mentioned to me that Mr Vijayan
> had
> left Bajaj Allianz. Its through my own sources that I could trace him and
> found out what exactly had happened. According to his version Century
> Plus policy required a medical test and since I was in Dubai this
> couldn't
> be done and so the branch management decided to switch the policy from
> Century Plus to Future Secure without any information to me. Though this
> was a verbal conversation with him I do not have any proof to submit it to
> you. Further to this I had a mail conversation with Mr Hari Govind
> (BDM) who was not at all co operative. It took him more than a month to
> reply to my mail. Copy of all the mails has been attached for your
> reference.
>
> Going through the above instances and the attached mails I hope you would
> agree with me that I had been cheated and i would
> loose 50% of the invested amount if the second and third premium was not
> paid. Now with this economic recession I am not in a position to pay the
> second and third premium . Could I therefore request you consider this
> grievance as genuine.
>
> Regards
>
> Vinod K Menon
> Policy # [protected]
>
REply from bajaj
This is with reference to your complaint for above mentioned policy number [protected].
We would like to confirm that, the policy has been issued based on the proposal form filled and signed by the policyholder, where you have opted for “Future Secure Size 2” as regular premium and with a frequency selected as yearly, which is a market linked policy and the value of the policy is dependent on the unit prices.
We also want to inform you that as the proposal form was received by you based on which the policy was issued, which was duly accepted and signed by policyholder where you have opted for regular premium not single premium.
Initially in the above mentioned policy the allocation for the first year is 82% and unallocated amount 18% goes towards management expenses and policy procurement charges and the allocation rates for the renewal premium for second year onward is 95% respectively. (For more details refer in policy document).
We want state that as per policy conditions the policy can only be cancelled after payment of minimum three full years’ premiums and the policy should continue three years, if one premium is not paid on the due date the policy will be lapse as mentioned in the policy document.
After verified the matter and want to inform that the policy bonds were dispatched to the mailing address of the policyholder on 21/04/2008 vide RL number EL[protected] IN by Speed Post. We also want to bring to your notice that we have not received it as undelivered.
If the policy holder was not satisfied with the same then he would approached us within the freelook period for refund. Since, the request of cancellation was rejected because the request was received at the office of the company beyond the freelook period after which cancellation cannot be done.
Please find the enclosed copy of the proposal forms filled and signed by you for your reference.
We also want to inform you that the policy is in issued status, so we request the policy holder to continue the policy and enjoy the benefits of the policy.
Thanks and Warm Regards,
Bhijiniya .T
Customer Focus Unit
Toll Free Numbers:
Tata Users[protected]
Bharati Users[protected]
BSNL Users[protected]
Reliance Users[protected]
Fax number [protected]
Email id [protected]@bajajallianz.co.in
Please advise me as a serous consideration
NOTE : Please advise me what is the right descition should i Choose? What about the policy status?Suppose i continue this policy what is the benifit to achieve after 3 years.
I complained the same issue before one year in Grivience cell.
>
> This is to bring to your notice that I have been cheated by one of your
> agents from your Palakkad branch through whom I had applied for a Century
> Plus policy. A brief narration of incidents is listed below from which it
> would be clear to you how I have become a victim of cheating by
> your Palakkad branch.
>
> a: On 30th of March, 2008 Mr Vijayan approached me in Dubai to market
> Bajaj Allianz products. After going through the products and making it
> clear to him that I would be interested only in a single premium policy,
> he recommended me to go for Century Plus with a 95 % allocation . My
> other
> conditions before signing the application form was that the policy should
> be
> send to my Dubai address which he agreed to. (though later on I realised
> that bajaj allianz does not have a practice to send the policy outside
> India) . I signed the application form and handed over a cheque of Rs
> 2, 00, 000/- to Mr Vijayan. Also he had promised to send me a monthly
> NAV statement which till today I have not received.
>
> b: Since then there was no news from him and nor did I receive the Policy
> either at my home country address or at Dubai address. I didn't follow up
> with him since I was planning for a vacation in March 2009 and would check
> with him then.
>
> c: During mid February I received a call from Mr Sandeep Tirumala of
> your Palakkad branch recovery department asking me to pay the 2nd year
> premium of 2, 00, 000/-. It was an absolute shock to me. On
> further discussion with Mr Sandeep and Ms Sharmila did I realise that the
> policy issued to me was not Century Plus but Future Secure which is
> minimum
> three years premium payment policy and allocation of 82% in the first
> year. It took me by total surprise that a reputed investment company
> like
> Bajaj allianz would indulge in cheating their customers.
>
> d: During this discussion with Mr Sandeep & Ms Sharmila and explaining to
> them the above instances they never did mentioned to me that Mr Vijayan
> had
> left Bajaj Allianz. Its through my own sources that I could trace him and
> found out what exactly had happened. According to his version Century
> Plus policy required a medical test and since I was in Dubai this
> couldn't
> be done and so the branch management decided to switch the policy from
> Century Plus to Future Secure without any information to me. Though this
> was a verbal conversation with him I do not have any proof to submit it to
> you. Further to this I had a mail conversation with Mr Hari Govind
> (BDM) who was not at all co operative. It took him more than a month to
> reply to my mail. Copy of all the mails has been attached for your
> reference.
>
> Going through the above instances and the attached mails I hope you would
> agree with me that I had been cheated and i would
> loose 50% of the invested amount if the second and third premium was not
> paid. Now with this economic recession I am not in a position to pay the
> second and third premium . Could I therefore request you consider this
> grievance as genuine.
>
> Regards
>
> Vinod K Menon
> Policy # [protected]
>
REply from bajaj
This is with reference to your complaint for above mentioned policy number [protected].
We would like to confirm that, the policy has been issued based on the proposal form filled and signed by the policyholder, where you have opted for “Future Secure Size 2” as regular premium and with a frequency selected as yearly, which is a market linked policy and the value of the policy is dependent on the unit prices.
We also want to inform you that as the proposal form was received by you based on which the policy was issued, which was duly accepted and signed by policyholder where you have opted for regular premium not single premium.
Initially in the above mentioned policy the allocation for the first year is 82% and unallocated amount 18% goes towards management expenses and policy procurement charges and the allocation rates for the renewal premium for second year onward is 95% respectively. (For more details refer in policy document).
We want state that as per policy conditions the policy can only be cancelled after payment of minimum three full years’ premiums and the policy should continue three years, if one premium is not paid on the due date the policy will be lapse as mentioned in the policy document.
After verified the matter and want to inform that the policy bonds were dispatched to the mailing address of the policyholder on 21/04/2008 vide RL number EL[protected] IN by Speed Post. We also want to bring to your notice that we have not received it as undelivered.
If the policy holder was not satisfied with the same then he would approached us within the freelook period for refund. Since, the request of cancellation was rejected because the request was received at the office of the company beyond the freelook period after which cancellation cannot be done.
Please find the enclosed copy of the proposal forms filled and signed by you for your reference.
We also want to inform you that the policy is in issued status, so we request the policy holder to continue the policy and enjoy the benefits of the policy.
Thanks and Warm Regards,
Bhijiniya .T
Customer Focus Unit
Toll Free Numbers:
Tata Users[protected]
Bharati Users[protected]
BSNL Users[protected]
Reliance Users[protected]
Fax number [protected]
Email id [protected]@bajajallianz.co.in
Please advise me as a serous consideration
i have take your capital gainunit polcy.to day 3 yaer competed.now i want syrender it.my polcy no.is [protected] .issu date/30/3/2007. & when i widhrow.this polcy
sir my policy number is [protected] do tell about in whivh position this policy and one other policy [protected] so now how much price of this policy
SIR, MY POLICY NO. IS 41864093 IN CAPITAL UNIT GAIN SIZE ONE PLAN, PLEASE TELL ME ABOUT MY POLICY STATUS.
dear sir,
i am amaresh kumar and i want to know about status of my brother policy whose policyno. is-[protected](capital unit gain plan) please send me the current status of this policy.
thank you.
regard
amaresh kumar
i am amaresh kumar and i want to know about status of my brother policy whose policyno. is-[protected](capital unit gain plan) please send me the current status of this policy.
thank you.
regard
amaresh kumar
My policy number is [protected]. kidly let me knw the present status of policy.
I have not been informed about my policy since last 3 months. please keep informing regularly.
I have not been informed about my policy since last 3 months. please keep informing regularly.
how to check online policy statues plz rpl me
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My policy number is [protected]. kidly let me knw the present status of policy.
I have not been informed about my policy since last 3 months. please keep informing regularly.
Thanks
kuldeep kumar