[Resolved] Bajaj Allianz Life Insurance — High Surrender Charges | |||
Hi, I had taken bajaj allianz insurance policy with policy no [protected] on september 2011. Till now i have paid all the premiums .But do to some reason i want to surrender it. As per the policy the surrender charges for 0-23 months is 7% but they are charging 35% of the amount i have paid that is approximate to Rs.10000. Whereas nothing is mentioned in the policy and nothing was mentioned when i purchased it . Inspite of regular calls to call center and the representative they are not responding . Please help me get my money back. Was this information helpful? | |||
Aug 14, 2020 Complaint marked as Resolved | |||
 2 Comments | |||
Comments
Hi,
I have surrendered my policy with policy no [protected] .i have paid Rs.31500 for 1 year 9 months but they have just returned me Rs.20000. Approximately 25 % of the amount has been deducted as surrender charges . whereas it should be just 6-7 %.When asked they are stating that its administration fee.
I request you to help me get my money back.
I have surrendered my policy with policy no [protected] .i have paid Rs.31500 for 1 year 9 months but they have just returned me Rs.20000. Approximately 25 % of the amount has been deducted as surrender charges . whereas it should be just 6-7 %.When asked they are stating that its administration fee.
I request you to help me get my money back.
Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good
a company is at responding and resolving complaints by granting from 1 to 5 stars for each
complaint and then ultimately combining them all for an overall score.
Read more
Read more
78%
Complaints
2209
Pending
0
Resolved
1674
+91 20 3030 5858 [Customer Care]
GE Plaza, Airport Road, Yerawada, Pune, Maharashtra, India - 411 006
View all Bajaj Allianz contact information
Greetings from Bajaj Allianz! We would be happy to address your concern. Our Customer Care team is currently investigating your issue and our representative will get in touch with you soon to solve your concern.
Alternatively, you may also post your concern at http://support.bajajallianz.com/support/.
Regards,
Bajaj Allianz
Life Insurance