[Resolved]  Bajaj Allianz Family Gain — Fund Value

Address:

Karnataka

I had joined the Bajaj Allianz Family Gain policy in 2008. I had paid the premiums till 2011. When I saw that even after 4 years my fund value is less than what was paid I stopped paying premiums. Today I checked my account and was horrified to find that after five years they owe me only 38000 Rs.And I paid 48000 Rs. What sort of a fund is this. This is daylight robbery. Please find attached my account statement for 5 yrs.I cannot believe that this company is still in businessafter looting so may peoples money. Please check the NAV. for a face value of i0.00 Rs it has risen to 19.00. So the fund is doing good. But where has my gone. In the first year they allocated shares for 3600.00 only even though I paid 12,000.00. And so many hidden charges also.
why nobody is taking action against these thieves. If at all they want to make money only there are more easier ways. This is our hard earned money. Being an NRI I don't have the time run after this. Still if there people like me who are cheated by these new age Shylock, come on let us form a group.
we could use the social media and start a campaign against this company. my email id is [protected]@gmail.com. Don't suffer these people silently. I don't want any more innocent people to be fooled by this company.