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
71.
Mon, 25 Dec 2017  Aadinath Rakshe

HI, I also received the call from Bajaj Finserv in last week. The caller called me from Bajaj Finserv Delhi office. They offering me a special loan scheme against policy for selected individuals. The plan is loan against policy on 0% interest free.
The borrower has to pay one advanced EMI and then after the loan amount get credited in his account. The total loan has to pay in within 10 years span without interest.

Calling No. 7065493622, 022 48792200, Mr. Vishal Mishra - 8510098965

I am suspecting this scheme is not actually belongs to Baja Finserv and could be fraud gang who making fraud on the name of Bajaj Finserv.
Beware from frauds.

70.
Thu, 14 Dec 2017  raj

I also got call and asked them send the mail i got mail from deepakmehta99bajajfinancer@gmail.com

Subject: Loan
>>Dear sir,
>>As per telephonic conversation I want to confirm you that we are providing you loan on the basis of insurance policy.
>>I want to confirm u that we r providing a loan basic of life insurance policy.
>>Sir you have pay first installment in advance after to get u have to sign a loan agreement where all term n condition r mentioned in returned after signing agreement we r providing loan amount in your account.
>>Pls free feel any further clarifications.
>>Sir the installment for the loan amount is Rs 1,00000 for the term of 5years are given below
>>Half yearly-10,000/-
>>yearly-20,000/-
>>Regards
>Deepak mehta

i think its fraud only becoz they r asking to pay the installment first and then loan will be disbursed. after paying they will not respond
and also they dont have any official mail id or official phone number its all done offline by some agancy so please be careful its better to check it from authorized agency of bajaj finance and then if any such loans are available better to take it from authorized agency..

thank you,

69.
Mon, 04 Dec 2017  arpan gupta

I got the same call and I discussed the matter in detailed with a person from bajaj finance. I was ready to pay 30000 Thousand for a policy of 3 Lakh for 10 years and wanted a loan of 3 Lakh against that as he assured. But I wanted to varyfy this zero rate of interest on internet where I luckily go to all your comments again, she is saying y have to directlly paid to policy reliance life insuranse after that i will give you form and you have sign and take policy how the can fraud i just call 9990704770

68.
Fri, 01 Dec 2017  SADASHIV

I also received like a same call. But I am not responding them and Ajay Sharma called me. But I don't know whether it is fraud call or not. They assuring me for zero % loan and for that I just have to purchase policy of HDFC life. I am confirming this and I saw this complaint. Friend please don't believe any fraud call.

67.
Fri, 01 Dec 2017  vincent carvalho

Last month i got a call from miss Ankita Sharma (9136443639) from Bajaj finance asking if i had a requirement for a personal loan. as i was in need for my wifes operation i said yes. she said it is a 0% interest loan only thing you have to do is you have to buy a future generali insurance policy. i did as she said, after some day it was miss kanika sharma (7835980350) from Bajaj finance who was talking to me and later it was miss sunita sharma (8745813050), i have not able to cancel the policy either. they have cheated me.

66.
Sun, 26 Nov 2017  K sharma

Sir,
Yesterday 25.11.17 also received fake call loan against policy from bajaj allianz. Requested for documents & email id given jagdish.bajaj@financier.com. . Contact No. 9643374545 Arjun Sinha tracked his number of (Vodafone) Delhi & this guy given me Whatsapp No.9312638961 (Reliance) Pune.

I have kept voice recording of communication, let see furthur.

65.
Mon, 20 Nov 2017  Ram

Hi,

I also got a call yesterday asking for 0% Interest rate loan. They were talking about future insurance and it does not look like that company even sales life insurance product. These guys seems to be sales agent to sell the policies. These guys are totally fraud so please beware.They use different number all the time.

I got calls from these numbers-

9718249179,9211351055,7840810688,7227903664

64.
Sun, 19 Nov 2017  mahesh Manchanda

I also received a phone call from one the person from bajaj finance and offered me loan of Rs 3 Lac at the Flat interest rate of 5 percent per annum. What i need to do is to give 10 percent i.e. 30000 for policy in bajaj finance in advance. Then they keep the policy bond with them and give me the soft copy of the same and after 25 days the amount of Rs 3 Lac will be sanctioned as loan to me. And repayment will be Rs 30000 for 10 Years and Interest of Rs 150000 (15000 x 10 at 5 percent) will be deducted from policy amount at maturity which will be on 15th Year. Nothing to be given for mortgage, no security. Just pay premium of Rs 30000 per year for 10 years . I AM LUCKY, I have done Full research before investing and Now Find the truth behind such offers.

63.
Fri, 10 Nov 2017  Sagai Raj Anthony

Phone call came to me on 28th of October form a girl called Prachi Shinde, she told me that my number is selected for personal loan on 0% against life insurance policy from Bajaj Finance, then next day a person named Nitin Desai started calling me continuesly for the same, he told me that I have to take a policy of the 10% amount of the loan amount required. Then he mailed me the policy forms which had to be filled and had to be send him back through mail after taking a printout and signed by me. The forms were looking original, then he told me to transfer 30000 on the account number he had given to me, he promised me as soon as the amount will be transferred within 2 days I will recieve welcome kit and after that within 72 hours 300000/- will be transferred into my account, but as soon as transferred the amount in the account given by him after two days his number is coming switch off, and off every person who were calling on behalf of him and Bajaj Finance. I made a mistake as I was desperately in need of money as some big MEDICAL problem's are going in my Family. His email ID is dineshdesai057@gmail.com,i have a strong feeling he is the same person who has been mentioned on the comment no 61 by Kakasaheb Kasa, same page. Beware.

62.
Wed, 11 Oct 2017  kailas

I too got such call of 0% interest from bajaj and pay 10% of insurance to future generali. Means for loan of 30000 pay 30000 to future generali.
But i went through bajaj site and there is no such scheme. Min interest is 11.99%
I got call from 8745813050

61.
Fri, 22 Sep 2017  Kakasaheb Kadam

Today I have received same call from a person named Desai dinesh. He says that we will provide you Zero % loan from Bajaj alianz. for this You have to take secuirity policy about 60000 for loan of 600000 ( as like 10% of loan Amount) Mail ID provided for Documentation Desaidinesh057@gmail.com

60.
Tue, 19 Sep 2017  DEELIP

Dear Shital,

you are from bajaj Insurance then please help me too


Deelip

59.
Fri, 15 Sep 2017  Christopher Dcruz

I received may calls from the. Has anyone ever got a loan.

58.
Sun, 27 Aug 2017  shekhar poipkar

Dear ,
i received a call from aug 23. 2017. they said 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 10 years .i ask what is security required . they said a policy has to be done on your name of rupees 100000 as security. he want cheque of same amount in name of Future generali life insurance Pvt ltd.
But i check on google about this i found this is totally fraud ..I have received call this no , No -011409580741
mob-8572810751

Dosto Please alert this type of call and inform to your Family .....

Thanks

57.
Fri, 25 Aug 2017  chandra prakash

Dear ,
i received a call from aug 23. 2017. they said you are selected and ask is there any loan requirement , i said a requirement of loan is there of 5 lac . they said ok we will give you a loan of 5 lac at 0% interest rate for 10 years .i ask what is security required . they said a policy has to be done on your name of rupees 50000 as security. he want cheque of same amount in name of Future generali life insurance Pvt ltd.
But i check on google about this i found this is totally fraud ..I have received call this no , No -011409580741
mob-7565801842

Dosto Please alert this type of call and inform to your Family .....

Thanks
Chandra prakash