Bajaj Allianz Complaints & Reviews

I am a policy holder of Bajaj Allainz no.[protected] and the Policy Holder Name is MRS GITA ROY, Insured Person MR PARTHA SARATHI ROY and Inception Date: 28/03/2006 & Plan is UNIT GAIN PLUS and last week dated 25th-Mar-2010, I went Bajaj Allianz, Guwahati Bora Service office to withdrawn my policy and provide all documents including a cancel cheque and on 29th-Mar-2010, I got a call from Bora service office and one lady informed me that my Cheque was bounced against this policy and I am socked to knew it after 4 years and as per bajajallianz portal (bajajallianzlifeonline.co.in) my policy was surrendered and there is no Cheque bunch in my bank account. Requesting you to do the needful.

Hi i m iqbal a policy holder of bajaj allianz.one of my friend has suggested me to go with bajaj allianz.i have login-ed a policy in bajaj.bt now i m gonna cancel the policy coz of the poor service of bajaj,since 2 months i m waiting for my policy,wen i call the branch manager Mr.jitendra he speak very rashly and say "You do watever u want " and they never respond for my call neither thier executive nor the branch manager.

(1) MISTAKES FOUND IN POLICY NO.[protected]
A. POLICY HOLDER FATHER'S NAME READ : MOOSA ABDUL SALAM
B. READ ADDRESS :TYPE IV 47/2,H.V.F ESTATE- AVADI-CHENNAI600054
C.READ TEL NO.[protected]
D.READ NOMINEE NAME: SHAKERA SHAHEEN
E.POLICY HOLDER HAS TAKEN POLICY THROGH RCM AGENT CODE NO:8496721 REF.DRAFT APPLICATION COPY REQUEST TO DELET SAPPHIRE INSURANCE.
REQUEST TO THE ABOVE AND DO THE NEEDFUL AT THE EARLIEST

Dear sir,
I would like to bring to your kind notice that I had invested Rs. 50,000 in Bajaj Allianz Century Plus in Feb 2008. At the time of starting the policy, it was told by your representative Mr Suman Bannergee Bajaj Allianz agent Durgapur Branch that it is one time investment, but few days ago i received the PREMIUM RENEWAL letter asking me to pay the next premium amount of Rs 50, 000. But with this kind of breach of trust and false promises I've lost faith in the company. Kindly tell me whether and when I can withdraw the money, and what will the amount that I already invest in the fund. Kindly advise,

I tried to pay premiun for my policy through my credit cards twice and both time the transaction was unsuccessfull for Rs. 20000. It happened on 04-March-2010 and instead of my repeatedly calling them still they have just credited Rs.10000 today and telling that rest will be credited in another 4-5 working days.

I am really frustrated by their false promises and unprofessional behaviour.

I hope through this forum some one will respond back.

sir,
let me know about current unit price & value of policy.

Hi i am having Ulip policy with BALIC(Bajaj Allianz Life Insurance Corporation). I have paid two of my premiums offline(counter pay /cash), this is the third year. my due date is feb 4th. paid online on 29th jan. they said that they havent received the payment. this is not my fault i have paid online facility is given in your portal not third party or some strange thing i have used. After 30 day they paid back to my account(My first PaniPat Completed) and assured the policy wont get lapsed till 30th march.
Now i have made my payments on 24th on Bajaj allianz life Parrys counter. Now i logged in and found great they have charged only Rs. 2250 /- on giving me assurance that there wont be any lapse till march 30th 2010. Is there any thing that can be done. I called one number in chennai officer Named RAM and he said company policy is like that and we charges for all like this only.
Please beware i had a poor agent, initially when a agent comes he talks differently but when we accept and pay a policy he goes in search of new one (commision). He never follows ours.
I think company intentionally trains their agents like this so that they may get some income and share with their agents.......?
"Life insurance policy nowadays becomes a big mystery"

Dear sir,
one courier had sent from coimbatore to bangalore containing insurance paper of bajaj alliz insurance comany dated 14 th march . after getting message from mobile i followed 20th march and contacted dtdc southend circle branch Bangalore franchiser,mr yogesh tel No[protected], from 3 days he told me boys has gone for delivery and this is sad to say that he has not delivered the consignment and returned the documents to chamrajpet head office and he misbehave in telephone that i dont know your address and courier is not with me. you may complain our head office. lastly myself went to head office chamraj pet and collect the courier from there

this is the way of delivery of dtdc ? why mr yogesh of southend circle bangalore branch is going to spoil your name so please contact and enquire the matter this my humble request to you.consgn No-c27573045 piusa kumar

Hi Team.
Bajaj Allianza is cheating company
We took health insurance for my borther given 10000 rs per year
Once he got admited for Stone LAser operation & we submitted for Cash less they told this operation is not being covered.

At the time of insuracne they told every thing is covered ...
Private insurance company is cheating to customer.
Regards
Praful
M-[protected]

I surrendered my policy no [protected] on 2nd march 2010. After trying to call Pune office 100 times finally could speak to Mr Praveen Bhat (Grievance Officer) he promised to look into the matter. After that he just won't take my call. Than I spoke to some one in the Office of Ombudsman (the number is given in the policy) The concerned person said that it is not his jurisdictation. However he promised to help me. Same day in the evening got a call from Bajaj Allianz people from Pune (earlier they won't take the call). After struggling finaly got a call on 17 March from Mysore office to collect the cheque.
The covering letter states:-
VALUE OF ALLOCATED AMOUNT 204933.77

FUND ADMIN CHARGES 275
STAMP VALUE 44
NET PAYABLE 201193
The Balance money RS 3421.77 Company has just swallowed.
BAJAJ ALLIANZ IS CHEATING PEOPLE

we wanted to know our fund values and details of our policy...

This is to remind you that my due provident fund has not been yet creditrd into my account.As per the company policy the period of four months is also over.So,you are requested to look into this matter as very urgent and resolve the matter as soon as possible

i was taken the policy from bajaj alliance insurance at[protected], , .i was paid in every six month once RS.5000 in the dates 20.09.05, 03.05.2006, 23.02.2007 ,31.03.08 and R.S.10000 was paid at 26.09.2007 my policy due date was cmpleted at[protected], but they had only given R.S. 15000 so i was informed the manager, bajaj alliance ,but he is not given proper answer . so i request you to kindly take immidiate action and help me to refund my amount ,
Thank you
with regards
S.Manimadhavan

I have applied a motor insurance and got the copy of Insuance Policy. But till now original policy not received. Regularly I am chasing and no response.

BAD CUSTOMER SERVICE BAD CUSTOMER SERVICE
BAD CUSTOMER SERVICE BAD CUSTOMER SERVICE

I am a retired Defence Offcial and a senior citizen. At present, I am on vacation in USA. I had availed the Travel Health Insurance Policy from M/s Bajaj Allianz General Insurance Company Ltd., Pune vide Policy No OG[protected]-00012180 valid from 03-Dec-2009 to 31-May-2010 (name of the policy = Travel_Assist_Classic). I reached USA on 4-Dec-2009 along with my wife for whom also I had taken the policy from the above Insurance Company....

Respected Sir Madam,
I, Jayaraj M. Nadar would like to bring to your kind notice that on 8th March 2010, I have received an Insurance Investment document from Bajaj Allianz Invest Plus. Policy No. [protected]. I, had never accepted any offer or shown any inclination for the Bajaj Insurance policy.
The policy states that I had applied for the Life insurance on 02nd March 2010 which isn't true. The company or the insurance broker has even went to the extent of getting my xerox copy of the passport from somewhere- however some of the info in the passport xerox is forged..example:- Date Of Birth.
Along with this they have also attached a copy of the application form in the policy where the following information is incorrrect.
1) Father's Name
2) date of birth
3) Address:-
4) Mother's Date of birth
5) Profession
6) salary
7) Language
8) Cell no.
9) Bank details
10) account no.
11) age
The most important part is that the application also contains my forged signature which was really disturbing to me and it has resulted in insecurity and loss of trust in a reputed company like Bajaj Allianz.
I would highly appreciate if the concerned authorities could please initiate a severe action against the insurance broker ( Rajendra N Borade--as mentioned in the policy document) and Bajaj Allianz Life Insurance Company.
Please do the needful.

Thanking you,

Regards,
Jayaraj Nadar

வாழும் போதும் வாழ்க்கைக்கு பிறகும்

EXCELLENT PART TIME JOB

GOOD INCOME

TLC Bajaj Allianz Life Insurance ....

ARE YOU INTERESTED IN THE SAFETY OF YOUR FAMILY. IF YES! FEEL FREE!! JUST CALL!!! FOR MORE DETAILS.

INTRODUCTION

Bajaj Allianz Life Insurance Company Limited is a joint venture between two leading conglomerates Bajaj Auto Limited and Allianz AG company. Whose total asset value is of Rs.59,00,000 Cr. Bajaj whose wealth as of now is Rs.8000 Cr. Group in India. 55 Years of experience. 4th Largest group in the world. Above 15,000 employees. Largest 2 & 3 wheeler manufacturer in India. Allianz established in 1890, who has 115 years of experience in financial sector. Allianz whose wealth as of now is Rs.58,92,000 Cr. Asset. Worldwide No.1 by gross written premium. A household company in German. COMPANY VISION AND MISSION India has 102 Cr. population. But only 16 Cr. people are insured till now. Still 86 Cr. people are yet to get insured. Also in broader perspective, company wants to make every person get benefited through investing in Bajaj-Allianz Life Insurance. This is how the money's inflation rate is getting increased. Having the above thoughts in mind, Bajaj-Allianz started this joint-venture to make people benefited using their Unit Linked Insurance Plan (ULIP). Company's Vision is as follows. To be the first choice insurer for Customers To be the preferred employer for staff in the insurance industry To be the number one insurer for creating shareholder value.

TLC Insurance India Pvt. Ltd.
Team Life Care Insurance India Pvt. Ltd is a partner company of Bajaj Allianz. Company is acting as a mediator between Bajaj Allianz and Agents of Bajaj Allianz.
1)TLC is the No.1 Channel Partner of Bajaj Allianz among :
a. Standard Chartered Bank.
b. Syndicate Bank
c. Placement Sales and Services Ltd.
d. GE Money
2) TLC is the First ISO Certified Pvt Company which is now promoted as PRIORITY Partner.
3) TLC has settled more than 1000 of families through its tremendous business plans and strategies.
4) TLC is registered under Companies Act 1956.
5) MOTO of TLC is to provide
a. Savings
b. Security
c. Additional Income
d. Job


Products:
NEW FAMILY GAIN (NFG) Policy/UNIT GAIN PLUS GOLD Policy
1) Invest yearly premium for Rs.5000/halfyr,Rs.10,000/yr, Rs.12,000/yr..by taking Demand draft in favor of Bajaj Allianz Life Insurance Co. Ltd payable at Bangalore .
2) Invest Rs.500 for first year only along with first premium amount by taking Demand draft in favor of TLC Insurance India Pvt. Ltd payable at Bangalore or Salem.
3) Maximum Premium - No Limit
4) Minimum Payable - 3 Years
5) Age of Entry - 0 to 50 Years
6) Coverage - Up to 70 Years (Minimum fund value to be maintained above 150% of Annual premium)
7) Funds Available (Liquid Fund, Bond Fund, Equity Growth Fund, Equity Index Fund II, Accelerated Mid Cap Fund)

Benefits:
1) Life Insurance for your life time
2) Tax Savings under IT Section(80C or 80D or 10(10)D)

Documents Required:
1) Proposal Form
2) Clear Age Proof copy (PAN Card or Driving License copy)
3) Photo Id proof (PAN Card or Driving License copy)
4) Photo's of the proposer (4 Passport Size photo's)
5) Address proof (Driving License or Passport or Ration Card copy)

Outlook:
According to sources, in India only 2.5% of population are insured and 97.5% of population have not insured and about Rs.15,000/- crores insurance premium are untapped. So become TLC co-ordinator and join with us to make a financially secured Society. We have income plan for every one

Gateway to TLC Co-ordinator:
Take Policy of Rs.5000/- for half-yearly premium Along with Rs.500/- towards Business Sales Kit, E-commerce, Handling charges. DD favoring M/s TLC Insurance (India) Pvt. Ltd., payable at Salem or Bangalore.


Who is a TLC Co-ordinator:
A TLC co-ordinator is responsible for sourcing and generating leads for and on behalf of TLC, thus getting entitled for incentives and start earning!
(example for Rs.5000/- premium policy)
I. Referral Incentive: 1st Premium Sponsor a pair and Tail and get Rs.600 for each pair Maximum payout is Rs.50,000/- for every 15 days.
II. Marshal Incentive -I: 2nd Premium for renewal of every pair you get Rs.250 for each pair Maximum payout is Rs.25,000/- for every 15 days.
III. Marshal Incentive -II: 3rd Premium for renewal of every pair you get Rs.250 for each pair Maximum payout is Rs.25,000/- for every 15 days.
IV. Life Incentive: 4th Premium onwards for renewal of every pair you get Rs.100 for each pair Maximum payout is Rs.12,500/- for every 15 days.
----
Ratio = 1 : 1 (One pair means two policies).
Payment in every 15 days covering the period from 1-15 and 16 to 31.
----



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For more info,contact:

Satheesh,

[protected]@yahoo.com

[protected]

I have invested Rs.50,000 each (anual premium) in 2 policies o[censored]LIP product - Unit Gain Plus Gold on 16th January 2008. Policy numbers [protected] & [protected].
As per the wordings of the policy (copy attached) the premium allocation rate is 76% for first year, 94% for second year and it shall be 98% for all subsequent years. Recently I have paid premium for the third year and I found that the percentage allocation has been done wrongly as 94% where as it should be 98%.
I lodged complaint regarding this and got reponses under issue no. 3389780, 3491392 and 3499196 from Bajaj Allianz. But all responses repeated that the allocation is only 94% - though the policy document says 98% for subsequent years after 2nd year.
Also, when I made my first investment I opted for premium paying term as 3 years.However,when I received policy document I was surprised to note premium paying term as 10 years. When enquired about this to the agent, the reply was "never mind - it's the standard period indicated in the policy, however you can stop paying premium after 3 years".
My grivences are as follows:
1. Premium allocation for 3rd year should be made to 98% as indicated in policy document.
2.Premium paying term should be corrected to 3 years.

Sir,
I took Policy from Bajaj Allianz life Ins. Co. Ltd on 22-12-
2006, POLICY NO.32792427.I want to surrender the policy after 3
complete years. I got a letter from the co. in Dec.2009 that my fund
value was AS ON[protected] AS RS.90011.52. I went to office on
Jan.2006(Mkt. high from Oct.2009). C.S.R told me that ur Fund Value is
Rs.108750/- from seeing the Computer. Then he told me that if you want
to surrender the policy you will face Surrender Charger according to
Policy Terms i.e app.50% of First Year Prem. F.Y.P is 20000p.a that
means you will loose app. 10000/- and receive app. 98000/-. I agreed
becouse I need money badly for my Son's higher studies.
I agreed and filled the Surrender Forms and Handed over to the co.'s
Abohar(Pb.) office with Original Policy.
Now after waiting app 4 weeks, one day 1st Feb I got a call
from Bathinda(Hub Office) from A.B.S Mr. Rahul Pathania that your
cheque has come of Rs.44278. I shocked and cried on him then He advised
me to give a letter in Abohar office that you will not receive this
cheque and will take full amount cheque and return this cheque. We will
issue a new cheque in One Week. But still sir after waiting for one
month, I have not received any message and I wrote 4 mails to them but
still no reply. I am getting late for my son's studies. They just once
phoned from Abohar office C.S.R that the letter came in your home for
showing Fund Value 90011.52 was system's fault.
I replied that sir I dont Know this and you told me Fund value
108750/- when I came to your office. I will take my full Surrender
Value. Becouse I surrenderred only for this value.
Sir, please let them send me my right amount cheque that is in
Fund Value letter and told me in office 108750/- becouse I surrendered
on that behalf only. Otherwise I will have to take action in consumer
forum.
Please ses the matter and solve my problem earliest.
Thanks,
Raman Kumar.
Abohar(Punjab)-152116
[protected]

i have not receive form 16 for year 2008-09 please send