[Resolved]  Tata AIG Insurance — Dishonesty.. Cheating

Address:

Kolkata, West Bengal

Following 05 policies, with onetime premium, were sold to me by bajaj capital ltd., calcutta, during 2007-09, with clear and repeated commitment that after completing 03years i can surrender the policies for profit.. And the premium amounts paid are onetime payments only. Same were the assurances from and by the taig representatives. Bajaj capital kept maintaining the same assurance through out the years since 2007 onwards.

Taig auto surrendered policies and returned cheques for far far less amounts, as per details furnished.

All the auto surrender cheques were returned by me to bajaj capital. The cheques (04 cheques received) have not been accepted or deposited by me in bank and are un-cleared, as on date.

Bajaj capital told that the auto surrenders are as per change in irda rules and they (Bajaj capital) promised me that they will take up the matter with taig and process for revival/surrender. Their promise, discussions with taig continued since last 5-8 years!

In 2017 may, bajaj capital told me that taig will not do anything, the auto surrender cheques need to be accepted or deposited after revalidation (Total rs.6.28l only, against total principal amount, premium paid rs.11l, since[protected]:

1. Taig investassure ii u[protected]apr-07 rs.50, 000 50, 000.00 auto surrender chq no 035712 rs.34, 579.25
2. Taig investassure ii aggrsv growth u[protected]may-09 rs.2, 75, 000 2, 75, 000.00 auto surrender chq no 844254 rs.2, 59, 693.69
3. Taig investassure ii aggrsv growth u[protected]may-09 rs.2, 75, 000 2, 75, 000.00 auto surrender chq no 844253 rs. 2, 59, 693.69
4. Taig investassure gold u[protected]jun-09 rs.3, 00, 000 3, 00, 000.00 auto surrender amount rs.46, 898.65 not recvd cheque, only sms
5. Taig investassure gold ui[protected]nov-09 rs.2, 00, 000 2, 00, 000.00 auto surrender chq no 994728 rs.27, 581.82

Where do i go to get back my invested money? Why did you accept the investments and why do i suffer for change in policies? Why did bajaj capital and your reps kept telling, committing and kept maintaining the same fact that the premiums need to be paid one time only and after 03years, the polices will be surrender for profit??

Regards,
Apurba kumar roy
Apurba. [protected]@rediffmail.com
_[protected]