[Resolved]  Bajaj Allianz Life Ins. Co. Ltd. / Capital Unit Gain — Surrender of Policy

Sir,
I took Policy from Bajaj Allianz life Ins. Co. Ltd on 22-12-
2006, POLICY NO.32792427.I want to surrender the policy after 3
complete years. I got a letter from the co. in Dec.2009 that my fund
value was AS ON[protected] AS RS.90011.52. I went to office on
Jan.2006(Mkt. high from Oct.2009). C.S.R told me that ur Fund Value is
Rs.108750/- from seeing the Computer. Then he told me that if you want
to surrender the policy you will face Surrender Charger according to
Policy Terms i.e app.50% of First Year Prem. F.Y.P is 20000p.a that
means you will loose app. 10000/- and receive app. 98000/-. I agreed
becouse I need money badly for my Son's higher studies.
I agreed and filled the Surrender Forms and Handed over to the co.'s
Abohar(Pb.) office with Original Policy.
Now after waiting app 4 weeks, one day 1st Feb I got a call
from Bathinda(Hub Office) from A.B.S Mr. Rahul Pathania that your
cheque has come of Rs.44278. I shocked and cried on him then He advised
me to give a letter in Abohar office that you will not receive this
cheque and will take full amount cheque and return this cheque. We will
issue a new cheque in One Week. But still sir after waiting for one
month, I have not received any message and I wrote 4 mails to them but
still no reply. I am getting late for my son's studies. They just once
phoned from Abohar office C.S.R that the letter came in your home for
showing Fund Value 90011.52 was system's fault.
I replied that sir I dont Know this and you told me Fund value
108750/- when I came to your office. I will take my full Surrender
Value. Becouse I surrenderred only for this value.
Sir, please let them send me my right amount cheque that is in
Fund Value letter and told me in office 108750/- becouse I surrendered
on that behalf only. Otherwise I will have to take action in consumer
forum.
Please ses the matter and solve my problem earliest.
Thanks,
Raman Kumar.
Abohar(Punjab)-152116
[protected]