Life Insurance Corporation of India [LIC]

[Resolved] Insurance Policy — I want to cancel my bajaj allianz insurance policy

Sandeep N Shetty

Address:

Bangalore, Karnataka

Hi All,

I am Sandeep Shetty. I had taken Bajaj Allianz's 'Sarvae Shakti Suraksha Policy' on 08th-Aug-2011 which has tie up with Citi Bank.
My monthly premium for this policy was Rs.1500.00/-. Before taking this policy I had been informed that if in future I cancel this policy, I have to face a cancellation charge up to 7%. i.e. 7% of the total amount accumulated would be deducted from my Citi account. When i called to citi bank helpline they informed me saying if we send ot Post a letter to Insurance operations chennai within 90 days the entire amount which had been paid is refundable. As per their instruction i posted a letter last month but i din't get any response from them till now rather then they again deducted 1500/- from my account. Please help me to cancel my policy which is linked to Citi Bank a/c.

Policy No : [protected]

Thanks in advance ..
Sandeep Shetty
[protected]

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Aug 13, 2020

Complaint marked as Resolved

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Comments

praveen vens

from Avinashi, Tamil Nadu

Insurance Policy — Delaying in claim

Respected Sir
I am a life long customer of TATAAIG I am from tamil nadu My Father purchase a Travel guard silver
policy with tata aig .when see travel to abroad he met an accident there and addmitted in the hospital
on that time i inform about it to your office .they give ref no to me i called nearly 30 times for claimming
purpose but i not get proper response from tata aig side ,i post all my documents by speed post and also
by mail till now i not known the status of our claim and our claim number is [protected] please response
as soon as possible

thank you
yours
V.praveen vens
cell [protected]

Bajaj Allianz Customer Care

from Mumbai, Maharashtra

Dear Mr. Shetty,

Bajaj Allianz always values its customers.

Please note that we have received your request and investigating the matter. Can we request you to allow us some time into look this matter??? Our support staff will soon get in touch with you.

We appreciate your patience and time.

Thanks and regards
Bajaj Allianz Customer Support

Sandeep N Shetty

Dear All,

I respect Bajaj Allianz, my concern is i was not interested to take that policy as i already have one. Citi Bank ppl never clearly say about the policy.

No problem take your own time, thanks for the reply.

Manju Priya

I want to cancel my bajaj allienz insurance policy
Hi All,

I am Manju Priya. I had taken Bajaj Allianz's on 20th-June-2011 which has tie up with Citi Bank.
My monthly premium for this policy was Rs.1500.00/-. Please help me to cancel my policy which is linked to Citi Bank a/c.
Im not sure of policy no and my last month(31-Mar) reference no [protected]. Pls reply and help to cancel this policy

pradeep-kumar

from DELHE, Delhi

Insurance Policy — not received policy bond

maine do policy bharti axa se july-2012 me liya jiska policy no [protected] & [protected] hai eska bond mujhe aaj tak nhi mila branch me jane par eska Rs.200/ pay karne ko bol rhe hai main kyoun pay karnga mere gtalti kya hai castomer care pe bat kar to vo kahte hai ham kuchh nahi kar sakte to mai kisse bat kru kripya mere shyta kare .
PRADEEP KUMAR
PH-[protected]

smrahase

from Kunigal, Karnataka

Hello Sandeep/Manju,

Did you complete the procedure of Bajaj Allianz's 'Sarvae Shakti Suraksha Policy? Plz confirm I want to surrender this policy.

jayesh kadam91

from Mumbai, Maharashtra

Hi,

My name is Jayesh Kadam. I had applied for your Bajaj Allianz Suvidha Policy on July 23, 2013; which i got it from citi abnk people. Recently my 1st premium was deducted from my Ac when i had strictly informed them that to start this premium from September.but they did it in this month. I wish to withdraw this policy on an immediate effect. And would request you to Transfer my money in my A/c which was mentioned in my form as soon as possible.
My Citi bank Ac/no - [protected]
My Mobile No -91 [protected]

chaudhariajay35

Helloo Guyz..!!
Please reply if anyone able to close this useless policy...Now i want to close it too...!!!

Regards,
Ajay

Ayush7447

from Delhi, Delhi

Same here, Citi Bank people never told me about the Bajaj Alliance being part of it. I was told its a recurring deposit. Moreover, the Customer care person named Bala told me that if I withdraw my money before 3 years 35% of my total money will be deducted. I told this guy to close this policy right now and he said he did, but still 1500/- is being deducted from my account. I mean I was told 7 %. I dont know what to do right now. I dont think so there is any use sending a letter to the Chennai Branch. And if I send it, to whom should I address it to. Please help me.

Ayush
[protected]

Thejaswi Gopal

Hey Guys,
They are Really bullsh** people they ask us to send the details to P.O. Box No. 4830, Anna Salai Post Office, Chennai - 600 002.
Once you send the details they don't respond to it. I sent my details to them requesting to cancel my policy in Feb 2013 but the amount is still being deducted from my Citibank account every month. I have tried to Cancel it by all means possible still nothing is happening. I am seriously considering to close my Citibank account as that's my last option.
Would suggest you guys to do the same.

Thejaswi Gopal
[protected]