Bajaj Allianz ULIP Insurance — MEDICAL TEST AFTER PAYMENT FOR THE POLICY

Date: 5/1/09

From:
T G SUNDRAM

To:
Bajaj Allianz Insurance Co Ltd
Pune

Dear Sirs

Subject: PROPOSAL NO. [protected]

Vide above proposal, I have applied for Bajaj Allianz Insurance Policy (ULIP) and submitted a DD for Rs.36, 000/-.

More than 2 months back, I have applied for this policy.

I received a letter from Bajaj Allianz two days back stating that I have to undergo a medical exam.

After reading the letter, following thoughts have come to my mind :

· Why did it took two months (in this jet age of today with all modern communication and infrastructure facility available) for Bajaj Allianz; just informing me to undergo medical test.

· To the best of my knowledge, in general practice medical tests are done before applying for the policy and not after applying for the policy. Please correct me if I am wrong.

· The agent did not tell me that I might have to undergo medical test prior to application or post application.

· Are Bajaj Allianz follow proper guidelines of IRDA in this regard ???

· What are the exact IRDA guidelines in this regard ???

· What checks and controls Bajaj Allianz have to monitor that their agents are 100% transparent in giving all the information to the customer before applying for the policy ?

· I personally feel that it is a breach of trust, as I was not informed in advance about this.

· My faith in Bajaj Allianz is lost due to this episode.

· Kindly arrange to refund my Rs.36, 000/- immediately (without deducting a single rupee).

· I would be happy my queries are answered point by point.

· I am also thinking of IRDA on this issue.

Regards
T G Sundaram Iyer