Bajaj Alliana/Capital unit gain
Deduction of surrender charges

I took this policy on 28 Mar. My annual premium is Rs. 10000 per year. Till now, I have paid Rs. 50, 000.

At the time of entry, the agent of the insurance company told that the fund will be locked for three years and after you can withdraw the amount either partially or fully.

Recently, if I enquire, the branch manager is telling that there will be some surrendering charges, which was not informed to me by the agent at the time of joining.

I think this is nothing but cheating the people. Can you take any action on this. If yes how much time it will take to settle? Or advise may i go to Local consumer forum/court of Law.

Company: Bajaj Alliana/Capital unit gain
Country: India
State: Tamil Nadu
City: Tiruchirappalli

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