[Resolved]  Bajaj Allianz Life Insurance — Huge Negative Fund Value and Surrender Charges Applied

Address:Dakshina Kannada, Karnataka

Hi,
My Policy Number [protected] - UG PROTECTION PLUS SIZE ONE, was surrendered on 3rd July 2012.

This policy is more than 3 years and I was not able to close it before 3 years, hence I was forced to pay the premium even though the fund value was going negative.

I was fed up with this Policy. I had made a payment of Rs.1,95,000/- till date and the fund value was only Rs.1,58,000/-.

On surrender I had got a receipt which is reflecting a surrender value of Rs.1,58,200/- where as the amount credited to my account is only Rs.1,50,400/-. Again a loss.

Where did my Rs.8000/- go missing? Please answer.

Regards,
Deepak Naik V.
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Aug 13, 2020
Complaint marked as Resolved 
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Dear Mr. Deepak Naik,

We are very sorry for the inconvenience caused.

Please note that we have received your request and investigating the matter.

Kindly allow us some time to look into it and get back to you at the earliest.

We would like to inform you that we have created a separate customer care portal http://support.bajajallianz.com/support/ where you can post your queries.

Regards,
Bajaj Allianz Customer Care
Dear Mr. Deepak Naik,

We hope our representative has communicated with you regarding your complaint and it has been resolved. We appreciate your time and patience.

Thanks and Regards
Bajaj Allianz

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