Bajaj Allianz
Termination of policy without notice

I R.Balaji, Bajaj Allianz policy no: 95179118, complaining about my termination of policy 95179118. I have not intimated regarding this.

I really surprised & shocked when I recieved surrender amount of Rs 3981/- against policy deposit of Rs.20000/-

I suppose to pay Rs 20000/- for next 2 years, which I was unable to make due to personal reasons.

I thought of paying Rs outstanding Rs 40000/-(for 2years) this month to get/avail my amount Rs 60000/- next year. But when I called to customer care today morning, they dint respond properly.

Bajaj Allianz representatives who forced me to got this Insurence, told me that he will inform me the due date to pay otstanding amount. Im waiting for his information but before that I got termination letter from head office.

I need a proper justification of my termination, since I have not intimated about the same.

Pls Note:

If I invested that maoney Rs 20000/- in 2008 on "Gold" today my money will be doubled.

Atleast if I deposited the amount in bank for 3 years, I wouldhave got 9% p.a interest.

If I kept the money in locker, it could be the same atlest & safe also.

Now pls think, I invested in Bajaj Allianz in my amount has gone from Rs 20000/- to Rs 3981/- which is a depriciation of 80.095%. I recieved only 19.905% of my investment Rs 20000

Company: Bajaj Allianz
Country: India
State: Tamil Nadu
City: Dharmapuri

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