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
3 weeks ago  Zia sheikh

Thanks all ,
Your experience saved me from getting duped. I go received call today from lady identifying herself as Ritu Verma offering similar scheme. Suraj share here no shortly

1 month ago  Nilesh Malaviya

Now all mobiles are switched off, i have mailed to all big ones from bajaj group today, dont know if i will get reply from them or not.

It does look like that fraud is happening only for this group & im still unable to understand how can someone open an account on companies name.

Since I have paid amount to " Bajaj Allianz Life Insurance Co. Ltd." i was sure that this is not fraud as i was paying on companies name.

1 month ago  Nilesh Malaviya

Mr Nimesh,

Dont go with Avinash hes fraud. Today he told me that he has sent cancellation form on my mail & ihavent received it.

Now his phone is switched off.


1 month ago  NIMESH

I got call from Mr. Avinash Jain Mob No - +91 9210709350 from Bajaj Finance telling me same story. 0% interest Loan against policy.

1 month ago  Nilesh Malaviya

I have also received calls i have filled forms & paid them Rs. 16666/- in the name of Bajaj Allianz LIfe Insurance Co. Ltd. Now they are asking for more Rs. 20000/- which i denied so they are saying that i need to fill cancellation form & i will get refund within 10 working days.

Now im worried as it looks like fraud The person name is Kavita & her mobile no. is 9210708577.
Whatsapp no. is 7557345245 & his name is Avinash Jain. Email ID is

Just for giving cancellation form they are taking time for 3 to 4 working days.

I think that they are employee of Bajaj group & looks like Bajaj Group is aware of this but thwy are not taking any actions as their policy gets sell otherwise ts not possible to do fraud mostly for this group.


1 month ago  Saurabh

Guys beware if these fake calls..
We are also getting these calls who are offerig loan with 0% roi.
I got a regular call fron mr. Vivek
Contact no. : 8802128887.
You r requested to take action against him.


2 months ago  Abdul Mabood Khan

Hey Guys,
I already paid premium of Rs 33,000 last month. Now this guy is not picking up the phone. The person who called me is Rajesh from Bajaj Finance and his mobile numbers are: 8422039183 and 8692975863.

Bajaj Allianz and Finace company should take strict action on these fakesters.

2 months ago  nishikant hulke

Same incidence also done with me. Three people contact with me me. Rajat parekh,rishabh tyagi,bhavesh Patel,Prius agrawal policy against loan amt is 5 lac

2 months ago  G SYAMASUNDAR RAO

Thanks for all you, who are suffered with this kind of fraud, for past 10 days I am receiving calls similarly, but I checked with several people, nobody believes this. I enquired with Birla Finanace and asked for whether this kind finance is available, they have totally denied, then I have searched in internet and find all of your experiences, once again thanks to every body for helping me to avoid this kind of problem.
The details of the person Name Avinsh Mobile No: 9136173025
tushar Mobile No: 9310908862

2 months ago  Deepak Sharma

Hi Rohit as,

Same no. Same guy called me. Big time create.


3 months ago  rohidas honkore


Recently i m getting calls from bajaj allianz towards providing loan with 0%.he said pay Rs.67000/- against policy n we give laon within 21 days.
The Executive name is Ravi-Mo.No. 8422039183 land line no.+911 409331823/+911 409331819 .

Bajaj Company please take action against above person.they spoile your image.

3 months ago  Rohit balasaheb Ingulkar

I got same call from bajaj today.. same offer they told me. Is it real or they are doing fraud.

Fri, 21 Oct 2016  Harnath Choudhary

Today 21/10/2016 I received a call from Mr. Toshabh 09136569457 (gurgaon) reg home loan based on policy/bond and Mr. Toshabh say we will providing loan at o% interest bcz your existing golden customer of Bajaj finance. I thing its a real fraud.

Tue, 06 Sep 2016  Tejosh Saini

Got the call today itself. initially loan offered was Rs. 300000 and later the amount of approved loan increased to Rs. 1300000 @ 0% interest rate.

They asked me to prepare a cheque of Rs. 90000 on the name of Bajaj Allianze to subscribe for a policy whose all benefits will go to the Co. however loan amount of Rs 13 Lakhs will be delivered to me within 45 days of taking the policy from bajaj.

Their contact No.: 9555781144

Mon, 29 Aug 2016  Ahmed Raza

I have Received a call from this number 8976297918
Abhishek chauhan
this person call me and pitching the policy agints loan with bajaj finance
Adress vashi Branch manager it's true or fake plz rply