[Resolved] Bajaj Allianz Life Insurance — Very High Surrender Charges | |||
My father has a Bajaj Allianz Capital Gain Unit Linked policy. He has paid 3 year premiums. The fund value is not incresing when the stock market has regained its mark and other ULIP are giving 10-15% returns, Bajaj Allainz Capital Gain policy is showing negative returns. When we wanted to surrender, they are charging 44% of the fund value and after deduction the amount we will be getting is almost 8K less then the premium paid. So totally on loss. Secondly other Insurance providers have 0-5% surrender charges after 3 years of the start of the policy and I read it some where that IRDA has issued an instruction for zero surrender charges after 4 years o[censored]LIP start date. Then why is that Bajaj Allianz people are charging so high and against the law. Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
4 Comments | |||
Comments
"Secondly other Insurance providers have 0-5% surrender charges after 3 years of the start of the policy and I read it some where that IRDA has issued an instruction for zero surrender charges after 4 years o[censored]LIP start date.
Then why is that Bajaj Allianz people are charging so high and against the law."
If I stand by your statement as true, I dont know why IRDA just watches silently this robbery. Is IRDA does
not have any power to stop such malafide.
Then why is that Bajaj Allianz people are charging so high and against the law."
If I stand by your statement as true, I dont know why IRDA just watches silently this robbery. Is IRDA does
not have any power to stop such malafide.
Hi All,
This is Sudarshan here.i invested on one of the policy in BAJAJ LIFE INSURANCE.This is very bad to invest and i see there is proper reponse from any one and it is one type of day robberry done by this people.Please don t ever go for this bull copmanys.it is better to go for post office schemes or LIC.gives good return with security.
I once again take this opportunity and tell not to invest in BAJAJ.Tommorow i am going to surrender my policy hope everything goes right here or else i will come with the comments.
This is Sudarshan here.i invested on one of the policy in BAJAJ LIFE INSURANCE.This is very bad to invest and i see there is proper reponse from any one and it is one type of day robberry done by this people.Please don t ever go for this bull copmanys.it is better to go for post office schemes or LIC.gives good return with security.
I once again take this opportunity and tell not to invest in BAJAJ.Tommorow i am going to surrender my policy hope everything goes right here or else i will come with the comments.
it is a useless policy...
no gain...
full loss to the policy holder...
waste to invest in any of bajaj policies...
cheating company...
admin charges, surrender charges are too high...
no returns nothing from this policy...
PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE DONT INVEST AND WASTE YOUR MONEY...
no gain...
full loss to the policy holder...
waste to invest in any of bajaj policies...
cheating company...
admin charges, surrender charges are too high...
no returns nothing from this policy...
PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE DONT INVEST AND WASTE YOUR MONEY...
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customers are not getting even ..the premiums they have paid...
it s a STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID STUPID ...company to invest