Bajaj Allianz Life Insurance Co. Ltd. - fraud by bajaj providing loan against policy
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Complaint by: manohar on June 26, 2013, 5:26 pm in Insurance All

i received a call in end of macrh 2013. they said they are the employee of bajaj allianz and you are selected and ask is there any loan requirement , i said a requirement of loan is there of 10 lac . they said ok we will give you a loan of 10 lac at 0% interest rate for 15 years .i ask what is security required . they said a policy has to be done on your name of rupees 76678 as security. i paid a cheque of same amount in name of bajaj. after 20 days i got a call from same person named manisha sharma and they said you have to say that satisfied with the policy . after the process of your loan will start with in 2 days and you will get the loan with in 10 days . After that june month hass come and there is no loan provided to me and when icall to bajaj customer care they said the free look period is over we can not do anything. the person named manisha has cheated and now they are not answering my calls as bajaj is not doing anything kindly take some action to refund my money back

Complainant's Goal: want the refund of my money as addmission of my son required sum back otherwise
Complaint Location: IndiaPunjab
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Recent Comments
22.
Mon, 02 Mar 2015  J.Vinod

Hi All,

I totally have the same experience as Arvind Karkera. The name of the fakester is the same but he has different email id and mobile numbers as below:

Mobile: 0********46
email:s.shahbajajfinance@accountant.com

People please do not get lured into such offers. No bank or institution will provide big loans without proper verification of its client and face to face meetings. Worst part is that this guy has the guts to threaten if we don't proceed. His place is prison and lets act immediately.

Its high time Bajaj Allianz takes responsibility in bringing people of this type who are derogating the company's image to justice. Pls act immediately

21.
Tue, 24 Feb 2015  rasika

I got a similar call from number ********21 (Kunal Kapoor) about the similar loan against policy. I asked them the policy in the mail.. he refused saying this is not a regular scheme...

So i decided to google...Thanks for all your comments...

20.
Sat, 03 Jan 2015  Arvind Karkera

TO ALL & BAJAJ FINANCE TEAM.

I got a call from below mentioned number about the similar loan against policy. I was about to transfer the money, but something prompted me to check review about the same before transferring the amount, Post reading this I decided not to send the money.

Now I am getting threatening calls asking me to send the money OR there will be serious consequence. He mentioned that he will take the loan in my name and default the same.

He introduce himself as Shelesh Shah & Bajaj Funding Officer.... Below are the number please check ...

********78
********81
********02

Email ID for this personal - sheleshshah.allianze@mail.com

Account Details where they wants us to transfer the money

Account # ********207
Bank Name: Purvanchal Graminm Bank
Gorakpur. Branch.


Please be careful........

Bajaj Team - Please take some action...

19.
Mon, 29 Dec 2014  prantim

here is a new no ********54

18.
Thu, 03 Apr 2014  jaspal sharma

We have received a call on 10/03/14 from employees name kalpana mehta mob no.0********75 samir aryan mob no.********28 ashish yadav mob no ********45 & ********32 of yes bank and they asked us that u Required a loan. We said yes Then next day again they called us & said about his loan We provided 5 lacs with 7% interest for 5 years & Loan against We take Security Policy of Rs 25,000.00 one time premium then i purchased policy against payment through cheque after i realized Bajaj Allianz agents cheated me that calls is Fraud after 10 days I will stop payment instruction to bank. god safe me from fraud person (Bajaj Allianz)
Kindly request to u all my friends beware of dog Bajaj Allianz Agents

JASPAL SHARMA
Mob ********99

17.
Sun, 09 Mar 2014  mr.kanji d. solanki

same I recived a call form employe of bajaj alianz and they asked us that u want a loan. we said yes. Then next day again they called us and said about his loan system they said that we can get 45 lacs with9per. intrest for20years and we take policy of63000 from them as security please tell us this kind of things is fraud or true

16.
Fri, 21 Feb 2014  Sunil Kumar

New No of such fraud is 0********84 / 011-409804233 so plz beware

15.
Sun, 09 Feb 2014  Ashish Uplenchwar

Thanks Mnohar, I got the same call from Mrs. Sharma, and I was about to purchase a policy, but looking at your experiace, just I have passed cheque stop instuctions to bank.
Again thanks for shaing such experiance.
if you want to take some action, please let me know and send your phone no. as my case is live, you can caught them.

14.
Sat, 01 Feb 2014  suryakant pawar

Same has been happende to me can you please send me ur contact on ********83 we will together do something agains these fraudbajaj company

13.
Tue, 10 Dec 2013  rakesh kashyap

BAJAJ LIFE INSURANCE IS A BIG CHEATER IN THIS COMPANY...AND CHEATING WILL BE CARRY ON TILL CONGRESS IS IN CENTER ....THIS FAKE CALL IS ALSO CMING TO ME FROM LAST 7 DAYS AND I PREPARE MY ALL DOCUMENTS AND THEN I SEARCH IN GOOGLE AND FOUND UR COMPLAINT ...AND MANY MORE SO NOW U SHOUL FILE A COMPLAINT UNDER IPC ACT 420 TO THAT PERSON AND ALSO ...NOT ANY CONSUMER COURT ..TAKE PAIN AND REAVEAL ALL CHEATING ...EVEN U HAVE TO PAY MORE THEN U INVEST BEST REGARDS

12.
Wed, 30 Oct 2013  Prashant Memane

I have received the call from Delhi Number 0********68 Ashok Sharma, He told me that he is a Branch Manager of Bajaj Allianz co. He told me that Bajaj Allianz giving loan against policy for 2 lakh 5% Intrest I need to take the policy of 15000 yearly. I call Bajaj Allianz customer care. They don't have information regarding this scheme. kindly advise me its fake call or true Bajaj Allianz have such scheme

11.
Mon, 14 Oct 2013  kashyap

New No of such fraud is ********0343 so plz beaware of such bastered

10.
Fri, 11 Oct 2013  Anitha

Please don't trust bajaj allianz life insurance. here agent don't have the complete information about the insurance.

Before investing the amount , Please speak with people already invested. I cant say 90 % people are cheated and they dont have anythere option to pay the amount.

My agent told me , that i should pay the insurance for 3 years (26,500 * 3) and after 2 years (total 5 year) .i will get total amount with intersted.

1 installement, he has collected the amount , when i went to pay the 2 installment, i came to know these people are cheating.

I told them that i want to pay the insurance for 3 years and 15 years won't be possible. they said that i should pay 3 years installements ie 76,000 and after 3 years i can cancel the insurance but will get 30 % of the total amount which is around 23,000.

They are completely cheating the people.

9.
Fri, 11 Oct 2013  Anitha

Please don't trust bajaj allianz life insurance.

8.
Tue, 08 Oct 2013  Dharmendra

Thank for this posting. It has saved many people from falling into such planned cheating. Today, i also received call from 91-1145061100. Promised similar insurance and 0% loan. When I asked about verification by email for hard-copy paper before collecting check, then they denied.

I request Bajaj company to take strict action against these people who determined to bring bad name or company for their personal and illegal gains.

7.
Fri, 20 Sep 2013  dr praful

i received a call from some employee of yours and offering 25 lack loan with 0% wat i had to do is send documents and 62500 rs i found it fishy so searched the net and found out this kind of frauds are so many regarding ur bank and same modus oprendi and since months u only say we are looking into the matter ?what bull shit .. seems the whole bank and all from top to bottom are fraud that still this fraud is going on ,i am gona give all this details to Times of india here and make sure all know how cheat Bank bajaj allianz is
and for ur information the details from which the call came
********1400
********1100
sms from ********65
i know u arent gona do anything as now its sure you are a bogus bank and i shall make sure everybody knows and not to invest not a single rupe and who ever has cacnel everything from ur bank

6.
Mon, 16 Sep 2013  Sameer

By looking at your comments I was saved to fall into this trap. Thanks.
I had already submitted a cheque of 25000 hoping to get a loan of 2 lakhs. The person who is in touch with me for this is Mr. Akhilesh and cell no. +91 ********50

This looks another way of selling the policy and Bajaj allianz needs to seriously look into this matter.
Thanks,
Sameer