Unlinked Plan with 100% penalty

Location/place: Bangalore

Name of company/service: Bajaj Allianz

I purchased Bajaj allianz unit link policy wherein I have to make 10,000 yealy premium and after completion of 3 years if we are not interested can withdraw the amount as per the market condition. Agent from Bajaj allianz told us that if you are not able to pay premium for 2nd or 3rd year, you need to wait for 3 years and after that the amount as per the current market value could be withdrawn.

When I spoke to cutomer care, they said as you have not paid 2nd and 3rd year premium eventhough after 3 years they have penalized 100% of the premium paid in the first year (i.e 10,000).

Basically I’m not able to get what I have paid as a premium 4-5 years back.

How to get my money back. This company/ company’s agents are misguiding people and making them to invest. There is no guarantee for our money. I strongly don’t recommend investments in Bajaj Allianz henceforth for my family members/relatives/Friends.

I had a frustrating experience with Bajaj Allianz by losing the initial premium paid (Rs.10,000).

Please guide me how to get my money back.


Comments

One response to “Unlinked Plan with 100% penalty”

  1. naveen Avatar
    naveen

    ghatiya company hai reliance life insurance…inke employee bhi chor aur charactterless hain….inke ek branch manager rajesh sharma pe jaipur mein apni hi agent ke sexual harasment ka legal case chal raha hai court mein…..ijjat lutu company hai ye….fir bhi wo aadmi kaam kar raha hai inki company mein…aurton ke sath sex karte hain inke karamchari…..kaam nai karte ….tabhi tau custmors ki sunwai nai hoti..BHRASTT COMPANY HAI

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