Bajaj Allianz Life Ins. Co. Ltd./ Capital Unit Gain
Surrender of Policy

Sir,

I took Policy from Bajaj Allianz life Ins.Co. Ltd on 22-12-

POLICY NO.32792427.I want to surrender the policy after 3

complete years. I got a letter from the co. in Dec.2009 that my fund

value was AS ON 22-10 AS RS.90011.52. I went to office on

Jan.2006 (Mkt. high from Oct.2009). C.S.R told me that ur Fund Value is

Rs.108750/- from seeing the Computer. Then he told me that if you want

to surrender the policy you will face Surrender Charger according to

Policy Terms i.e app.50% of First Year Prem. F.Y.P is 20000p.a that

means you will loose app. 10000/- and receive app. 98000/-. I agreed

becouse I need money badly for my Son's higher studies.

I agreed and filled the Surrender Forms and Handed over to the co.'s

Abohar (Pb.) office with Original Policy.

Now after waiting app 4 weeks, one day 1st Feb I got a call

from Bathinda (Hub Office) from A.B.S Mr. Rahul Pathania that your

cheque has come of Rs.44278. I shocked and cried on him then He advised

me to give a letter in Abohar office that you will not receive this

cheque and will take full amount cheque and return this cheque. We will

issue a new cheque in One Week. But still sir after waiting for one

month, I have not received any message and I wrote 4 mails to them but

still no reply. I am getting late for my son's studies. They just once

phoned from Abohar office C.S.R that the letter came in your home for

showing Fund Value 90011.52 was system's fault.

I replied that sir I dont Know this and you told me Fund value

108750/- when I came to your office. I will take my full Surrender

Value. Becouse I surrenderred only for this value.

Sir, please let them send me my right amount cheque that is in

Fund Value letter and told me in office 108750/- becouse I surrendered

on that behalf only. Otherwise I will have to take action in consumer

forum.

Please ses the matter and solve my problem earliest.

Thanks,

Raman Kumar.

Abohar (Punjab)-152116

09780423201

Company: Bajaj Allianz Life Ins. Co. Ltd./ Capital Unit Gain
Country: India

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