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bajaj allianz Sarve shakti suraksha

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Location/place: India

Name of company/service: bajaj allianz Sarve shakti suraksha

When I opened a suidha account in Citi Bank their agents told me that they have a ULIP type of scheme but instead of locking period of 5 years this one has a locking period of just 1 year. Your money will grow and you can withdraw after 1 year without any penalty.

I had purchased this policy in June2011. The premium amount of Rs 1500/- of which was getting deducted from my CITIBANK salaried account on monthly basis.

Also I have paid premium for 19months (Rs 28500/-) and I am getting cancellation refund amount of Rs 19474/-. Where is the rest of the money that I have paid?

So how could they deduct 40% of the total premium paid amount?

On trying to call the Bajaj Allianz agent, I am getting no response.

I agree and subcribed. I kep asking them for the policy document which till date even after 2 years I haven’t received.

Then through other sources I came to know about this fraud with other consumers as well.
They will deduct as high as 40 % of the premium.

It was a huge mistake on my part that I trusted this fraud company Bajaj Allianz, even though my friends asked me not to invest in it.
Even the premium certificate appears to be fake.

Kindly advice how can I get my full refund amount.

I am left all stranded and cheated in this nexus!!

I am going to raise a complaint against it in Cosumer court by hiring a lawyer.

Regards,
Alok Agrawal
+91-8007517979

Comments

4 responses to “bajaj allianz Sarve shakti suraksha”

  1. Shashank Avatar
    Shashank

    Beware of the false promises of Bajaj Allianz General Insurance company. They approach you with all the false promises for your insurance, after collecting the money from you they deliver half of what they have promised you. They approach you with a low quotation at the beginning to woo you. Later they will find different reasons to collect money sighting various reasons

  2. Bajaj Allianz Avatar
    Bajaj Allianz

    Dear Alok,

    Our sincere apologizes for the disappointment faced by you. We would like to help you out. We have noted your concern and the contact details that you have mentioned and we will get in touch with you soon to address the issue.
    Sincerely,

    Bajaj Allianz
    Life Insurance

  3. Abhishek Jain Avatar
    Abhishek Jain

    Same happens with me alok.They are a big fraud.I will sue them in the court.There policy is not clear and there executive are a big fraud.they convey wrong information to the customer.I have given 31500 rupees to them in last 21 months and i will get only 17000.More than 40% loss.

    I want my money back

    regards
    Abhishek Jain

  4. Manjunath Shenoy Avatar
    Manjunath Shenoy

    Same thing happened with me too. They really fool the people. They are really doing nice work.They will deduct more around 40%…..i think we should join together and take it further…i see zillions of complaints about these scheme

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