Bajaj allaianz life insurance
Huge Negative Fund Value and Surrender Charges Applied

Hi,

My Policy Number 0127501996 - UG PROTECTION PLUS SIZE ONE, was surrendered on 3rd July.

This policy is more than 3 years and I was not able to close it before 3 years, hence I was forced to pay the premium even though the fund value was going negative.

I was fed up with this Policy. I had made a payment of Rs.1, 95, 000/- till date and the fund value was only Rs.1, 58, 000/-.

On surrender I had got a receipt which is reflecting a surrender value of Rs.1, 58, 200/- where as the amount credited to my account is only Rs.1, 50, 400/-. Again a loss.

Where did my Rs.8000/- go missing? Please answer.

Regards,

Deepak Naik V.