Bajaj Allianz Life Insurance Co. Ltd. - False Promises , Frauds and Cheating Customers
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Complaint by: on November 1, 2013, 11:54 am in Insurance All

Greetings!

Let me introduce myself as a hapless policy holder of BAJAJ Allianz, who have gullibly invested hard earned money into ULIP policies of your company in 2005, thanks to your army of unscrupulous Agents / Advisors who don’t hesitate to go to great lengths for . The details of the policies are as follows:

1 Bajaj Allianz Policy No. - 25, 000 p.a Start date: 9.12.2005

2 Bajaj Allianz Policy No. - 25, 000 p.a Start Date: 14.11.2005 Nearly 1.5 lakhs of my invested money( total premium paid over a period of 3 years) has disappeared into thin air and the Fund value today is close to zero.

All the while, it comes as a great surprise to me, that NOT EVEN ONCE during these 8 long years, have I been intimated about the dismal status of my account. This is in stark contrast to the time when Baja Allianz advisors and agents were hounding me to invest in ULIP policies, and grossly misguided me with attractive returns, just at the time when I was in a dilemma whether to go for it or not.

My complete trust in Bajaj Allianz has disintegrated when I recently looked at the fund value of my accounts. I was also told that my policies are in “lapsed condition”. I wonder why Bajaj Allianz have chosen to punish CUSTOMERS like this!

Rgds

Ravi

Complainant's Goal: I need an explanation for my disastrous fund value
Complaint Location: IndiaAndhra PradeshHyderabad

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