Bajaj Allianz Complaints & Reviews

I have requested number of times to Bajaj Allianz Executives for O-pin to monitor my fund online. Online fund switching facility is available to switch my fund as promised by Bajaj Allianz executive at the time of purchase of the policy. Based on above statement of their executive I have taken insurance policy and within a one month after receipt of the policy, I have applied for O-pin with all necessary documents to generate my O-Pin and same have confirmed during teleconferencing with Bajaj Allianz Executive (Noida branch & their head office, pune). But after my vigorous follow-up till date I am not received.

Due to non-availability of my O-pin I was unable to switch my equity funds into secure funds during in deficit market scenario.

Sir,
I had purchased a ULIP Policy for an executive of Standard Chartered, named Arpit Bhogani who was selling Bajaj Allianz's ULIP policy.I was never informed about the monthly charges in terms of Mortality charges, service fees, etc...In last 3 years have invested 60, 000Rs. in the fund and now my fund value stands at 22800 approx as on 23/3/2009.I also have not received any account statement from the company in last 3 years and certain charges are included and excluded without prior notifications.
Is there any regulation to furnish details about the charges and other account information to the customer as per the IRDA ? I also want a refund on my policy as the agent never furnished the true information while selling the policy to me ? what can in done in the regards, kindly guide.

Regards,
Gaurav Sethia
[protected]

i, had taken a two wheeler finance for a bike"Pulsar" from Bajaj Auto Finance Ltd fom Banglore.The loan account Proposal No -- 126192..The Vechicle No is :KA-04-ET-3098.I had made a pre payment and closed the loan on 21/11/2007.I had got the address changed to :1531/1, Napier Town, Jabalpur-M.P.-482002.It was promised to me that the NOC would be send to my correspondence address within 40 days of my closure of the loan.Since that day i am just struglling to get the NOC for the above said loan.Now that i have shifted to Pune, i tried to contct the Bajaj TW finance office here bbut didnt get any results.Its a big mistake to take a loan fro Bajaj, when for a NOC i am just struglling like this for more than one and a half yr.Because of all this i am not able to change the registration of my bike.Pl send the NOC to the permanent address given above and intimate me on the email id as well as on the phone nos:[protected]/[protected].I hope this time atleast you people would revert.

Regards
Vishal Ratra

Sir,

I AM A IC IN Bajaj Allianz Life Insurance Co.Ltd., IC CODE IS [protected].

I HAVE SUBMITED TWO POLICE'S RENEWAL BY WITHINE PERIOD ON 24-FEB2-9, BUT MY COMMISSION HAS NOT TRANSFERED IN MY ACCOUNT . WHEN I ASKED TO BRANCH THEN THEY REPLY THAT MY IC CODE HAD BEEN TERMINATED IN MAY-2008.
MY COMPLAINT IS THAT WITHOUT INTIMATION COMPANY HAS NOT RIGHT TO TERMINATE ANY IC.AND THEY ARE COMPELLING ME TO DO BUSSINESS THEN THEY WILL TRANSFER MY COMMISSION.
I THINK THIS IS NOT CORRECT, SO PLEASE GET ME JUSTICE .
" A SINGLE APPROCH TO GET JUSTICE OTHERWISE NEVER ANYBODY WILL BELIEVE IN YOU "

NEED OF COOPERATION.AND WAIT FOR YOUR REPPLY.


THANKS

Dear Sir,

With reference my policy no. [protected] .I am buy the policy on oct'08 and Bajaj Allianz send all document and card on last week of nov'08 (Bajaj Allianz take document and card sending time is all most 50 days.) on the same time I am compliant to company customer care regarding my son and daughter date of birth correction . That time company customer care person said to me you will send the address proof so we will correct all things. But company not taken any action of my compliant till date (all most 100 days is left my compliant)
This is Bajaj Allianz are giving the customer service .5 month after also I am unable to use my policy.
do to this reason I need my policy premium refund

Please refer the Bajaj Allianz customer complint track no.804219, 834201, 860439, 943184

Best Regards

Sunil Raj Rajan
House no.2745 a, Sector-3, Faridabad,
Ph.[protected]

I have paid a premium of 10, 000 for the reciept no isORN107407 . But actual investment in ulip is only 29 % BAlance 71% they have deducted towards management expenses and policy procurement charges.

Its better the person not to invest in Bajaj Allianz as tax saver better opt Govt fixed deposit as tax saver .

Policy No.[protected], [protected], and [protected] of Rs.5000/- each

sir,

I have taken those policies and i have canceled the above policies with in free look period but the company is refunded me the amount only the unit value of where the company invested the amount. Rs.4569/- refunded against policy no.[protected], Rs.4577/- against policy no.[protected] and Rs.4501/- against policy no.[protected]. The company is not refunded full amount of the policy which i have taken.the balance amount of Rs.1353/- the should given back.

Hence please advice me the IRDA rules for the cancellation of a policy with in the free look period.

I am waiting for your valuable replay

Sony Mathew

Few Years before, n pursuance of Bajaj Allianz agent Mr. Vishnu ([protected]) I agreed to invest in their UNIT LINKED POLICY. The Details advised by the agent was as under:

Policy had Death Cover of 25 Years, life long.
Two premia of Rs. 30, 000 each needs to be paid - on commencement and at start of second year.
thereafter no premium to be paid and the deat cover will continue lif long.

Policy No. [protected] was issued.

Accordingly I paid the two premia.

Now just by curiocity I called up helpline of Bajaj Allianz and asked for the status of my policy - they replied saying it expired and nothing left in it now. I asked for details on how why, they refused to comment at all.

When I called up agent he told the pria to be deposited was 3 not 2 as said earlier, and hence policy expired.

Now I have tried several times to speak with Bajaj Allianz on advising the details how they ate up my 60000 rupees, they do not advise anything.

Dear sir/madam

I had an motor insurance from Bajaj allianz. i met with an accident and my front portion towards right was damaged, during the repairing works it was noted that the clutch had badly burned out and engine was also damaged from inside due to excessive heat . but now it is noted that even before the full and final work was completed the company had send me the claim for 50 % of the work only and now it says the other damages are internal once which is not claimable under insurance as though damages are not visible from outside. my car is a new just 1 yr 3 months old car and refusal to such claims stands unjustifiable. please let me know where should i fight for this case. can a insurance company claim the inside damages which are not visible from outside does not come under insurance when the same has been damaged during the course of action. Please suggest me for the same

Dear Sir,
Myspeed post which was sent by Bajaj Allianz is not receive by me thogh it was reported to be posted on 2dn march by Bajaj allianz.Please find ut asap.

my address R.S. choudhary,
92 syam path, Queens road,
Nemisagar,
Viashali Nagar, Jaipur 302021
cont. [protected]
or[protected]
thanks,
r.s. choudhary

pod no.[protected] IN
from bajaj Allianz Pune.

Dear Sir,

This is Madhusudana N, this is regarding my policy with Bajaj Allianz which i have taken on December, Wherein they failed to deliver me the policy bond.With frequent requisitions they failed and i myself collected the bond in Bajaj Allianz Victoria road branch on 03/03/2009 after 2 months.I had taken Unit gain policy for 20 years.wherein i lost faith on Bajaj Allainz, how can i trust them for 20 long years.

I went to cancel my policy, during that time they are revealing that they are going to deduct an amount of 6669/. How can i allow them to deduct. Due to there pathetic service and irresponsible nature i suffered a lot of inconvenience.

I have not received any information here on till date from any of the persons from Bajaj Allianz as well as Agent during the time of taking policy regarding the charges and also not mentioned in Book let which i received.

I met some of the Managers in Bajaj Allianz in Victoria road branch, they assured me of helping me out, but no one had turned up till now. If i try to call them up they don't respond.

Please guide how can i get my policy cancelled without allowing any deductions and get my money back .

In the month of January 2006, I was approached by Mr. Neeraj Mishra – Asst. Sales Manager of Bajaj Alliance Life Insurance Company, to opt for a policy named Bajaj Allianz Unit Gain Insurance policy.

He convinced me with all the goodness of the product, and therefore I agreed to avail the same.

I was also informed by Mr. Neeraj Mishra that it was a single premium policy which will be matured after 6(Six) years and that I can get my assured sum after completion of six years of the said policy.

Unfortunately, till one year of the commencement of my policy I did not receive any Policy Bonds & certificates from Bajaj Alliance office or Mr. Mishra even after repeated queries & requests. I have tried to contact Mr. Mishra several times but all my efforts failed as he could not be traced.

In the month of February 2007, I received a letter from Bajaj Allianz stating that if I fail to pay the premium of Rs. 50, 000/-, my policy will lapse. I was really confused as I had no documents of the policy with me.

As as result, I had to contact another person from Bajaj Allianz to trace my policy papers. On 10th March 2007 I received my policy papers from an agent who informed me that it was lying in the Howrah Bajaj Allianz office.

I was shocked to find that the policy claimed 3 years of premium to be paid in a yearly basis and after 6 years it will get matured to be withdrawn. Also, the form signed by me was missing from the Bond documents.

Immediately, I contacted the officials of Bajaj Alliance office at Kolkata & Howrah, Mangalam Building, to solve my problems. The officials convinced me that they will surely help me with a solution but till date even after repeated visits and queries they have not provided any solution to it, rather they have informed me that the policy has lapsed.

The above incident has only given a very negative picture about your company but, it also has discouraged me to have further faith on such policies.

Dear Team,
Plz check the issue as I am finding so much of problem due bsnl connection error..As this has been intimated to ur team members earlier also where they have given the assurance that this problem will not be faced by us anymore...First issue is this, like if someone calls us we find lot disturbance during that time so its become difficult to understand him...Secondly from 2-3 days we are finding like if we ring to our landline no then we can hear the ring going but it doesnt give any ring to other person so that he can hear it and pick the call...it seems like dead phone...So, I would like to request you to plz replace the landline phone with other good set...
My landline no is[protected]pune)

Plz do the needful on priority basis as we are finding lot of issues due to the same...

Regards,
Rashmi Chauhan
[protected]

sir
my policy no [protected] d o c 19th december, 2006. plan Bajaj Allianz Capital Gain. please send my policy due date and now my found value .


thank you.

I have to say that i am a policy holder of above plan policy no is [protected], date of commencement on 25 01 2007, Rs 15, 000 annually. I have deposited three times premium and i want to know that what is the benefit of the plan in present time . please give me reply about money.

Thank y ou for co-operation.

RESPECT SIR
I AM WORKING IN DOHA-QATAR (A-GULF) FOR LONG TIME I AM TRY TO SEND BY MAIL MY PASSPORT COPY . IN THE NAME OF MR RAJESH KUMAR,
SO WOULD YOU PLS HELP ME TO REPLY ON MY EMAIL TO MR RAJESH KUMAR
THANKS

Sir/Madame,

I would like to bring your attention to the problems that I and my parents are facing due to carelessness and rudeness of insurance agency - Bajaj Allianz.

I have applied for a MEDICLAIM policy for my parents from Bajaj Allianz . They have requested to get some formal check up done (listing some tests) through the registered doctor in Indore.

My parents back in Indore went for medical examination as per the doctor suggested by Bajaj Allianz. I was told it will be responsibility of the doctor to send the details of medical reports to Bajaj Allianz. However, still I sent the scanned copy of the reports to ensure Bajaj Allianz is aware of the fact that medical reports have arrived.

Now I have been asked time and again to get the number of the doctor as he is not reachable by Bajaj Allianz. Subsequently today I got a call stating the doctor has given the reports to someone who went along with my parents. Now that is the height. If the doctor is responsible for handing over the reports to Bajaj Allianz why would he hand it over to someone else. As I understand a copy of reports was given to my parents and the doctor retained another one.

I then got a call from Bajaj Allianz that they have finally managed to get the reports from doctor however it doesn't have my parents signature. So they will need it.

Next, I got a call stating off late they have realised that the tests suggested are not complete. So those need to be taken again by my parents.

We have been repeatedly tortured to go to the doctors time and again. Finally, when I said this is not the way customers should be treated an official from Bajaj Allianz said we can't do anything about it.

When I said fine cancel my policy I was told that they will CANCEL it. After a delay of month they are saying they will cancel the policy. We have been mentally harassed by the company and my parents aged [54/56] have wasted their time. Also they have said they will not refund 100% amount and amount will be deducted for medical tests.

I would request consumer forum to look into such matter where an individuals parents go through such mental trauma time and again. Finally the output is cancellation of the policy. When the policy is on offer, these companies are really sweet and after your life. Once they get the money they just torture the customers while issuing the policy.

Let me know if you need more details. I shall fursnish the same.

It will be much appreicated if you can extend helping hand in teaching a lesson to such organizations. I am reachable on [protected].

Saurabh Agrawal

I opened a "New FamilyGain" policy with Bajaj Allianz for an Assured sum of RS 500000 on 4th June 2007 and paid the 1st installment of Rs 50000/


Due to financial crisis I could not continue further. Hence I had requested for refund.

I had asked through email and phone. But their answer is "You have to complete atleast 3 years to get back money".

I am not able to continue and wish to loose even some amount.

Please guide.

Details:
Name: Khaja Moyenudeen
Policy #: 53291747

A Hero Honda (splendor) motor cycle was HR 08E 4900 insured from Bazaz Allianz Genral Insurance Co. Ltd. Delhi vide policy no. OG[protected]-00001667. I met with road accident on 1-9-2008 at Kaithal
(Haryana).Company surveyor made a report & claim no. OC[protected]-0000914 was passed for Rs. 3550/- but an amount of Rs. 1550 paid throught cheque. Therefore payment mode request for the some So many times but in vain.
Your good self is requested to kindly apprise the insment authorities.
Thanking in anticipation


(Som Parkash Gupta)
1204/19B, Huda
Kaithal (HR)
[protected] ®
[protected] (M)

my self chetan parekh working in bajaj allianz life ins co. my client has not received documents which was posted through ims speed postEM[protected]IN on 6/02/2009.
pls do the need full.