Policybazaar — Payment dispute and financial loss due to Policybazaar

Website: www.policybazaar.com

Hello, I engaged with the policybazaar team regarding my policies. For one particular policy, despite my repeated requests to delay the process, the policybazaar team hurriedly initiated my payment to achieve their sales goals. Ultimately, the policy was canceled, and a refund was issued to my original payment method, which was my bank via credit card. After the refund was processed, the representatives from policybazaar did not inform me that I needed to return to the bank to stop the payment process following the refund. Due to the lack of communication, I faced deductions exceeding 1.8 lac rupees over 18 months(including principal amount, GST, and interest). When this was brought to notice, initially, the policybazaar team agreed to refund my amount verbally, but now they claim it is a matter between me and my bank, stating that their generic 'refund processed' email contains details that originally lack mention the necessity for the customer to contact the bank to halt the payment. I feel gaslighted by their team leads and representatives, who now assert that the email contains sufficient information and things not clearly mentioned should be taken as an assumption.

I seek justice regarding my refund, which should include the principal amount, GST and interest I paid.
Was this information helpful?
No (0)
Yes (2)
Policy Bazaar customer support has been notified about the posted complaint.
 
Add a Comment

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Policy Bazaar
    customer care contacts
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    24%
    Complaints
    1491
    Pending
    0
    Resolved
    355
    Policy Bazaar Phone
    +1 80 0103 3999
    Policy Bazaar Address
    Ground Floor, 119, , Sector 44, Gurgaon, Haryana, India - 122001
    View all Policy Bazaar contact information