[Resolved]  Bajaj Allianz Life Insurance Co — fraudulent means to opt for life insurance policy

Address:

Thane, Maharashtra

i want to bring to your notice that i had been approached by personnel from delhi , regarding offering personal loan of rs. 20,00,000 against a policy for a premium of Rs. 1,00,000 annually for 20 years.


i opted for this scheme by taking two policies ,policy no. [protected] dt 20.02.2013 and policy no. [protected] dt. 05.03.2013, I was told with 20 days the loan amount would get disbursed to me. But now these people are not releasing the loan amount but are insisting that i need to take one more policy from Kotak Life insurance for rs.22500 annually , only then the loan amount would be released. The persons who made this offer were: Mr. Rajiv Agarwal[protected],[protected],[protected] and Ms.Aman Siddiqui[protected],[protected].

i fail to understand this, and ask for your advice in this regard. pl. let me know , whether i should go ahead with this proposal or whether i should cancel my policy for which i have paid Rs.100000 & Rs.10500 as premium in feb 2013 & Mar 2013 respectively.

In case the loan offer was fake and was given to deceive me, i would like to cancel the policy and get the full amount of premium taken fradulently from me.

i eagerly await your early guidance on this.