I purchased policy from India Insurance Consultancy who is a Corporate Agent for Bajaj Allianz ULIP Policy. Company launched its own scheme with Bajaj Allianz. Buy a policy of Rs. 1- (Minimum) and IIC (India Insurance Consulatancy) will give you 98280/- at the end of 12 months. I was explained the chart of Growth which company was to give every month. The chart was as below
1st Month : 24
2nd Month : 48
3rd Month : 96
4th Month : 192
5th Month : 384
6th Month : 768
7th Month : 1536
8th Month : 3072
9th Month : 6144
10th Month : 12288
11th Month : 24576
12th Month : 49152
Total sum of all:98280
ESPECIALLY company told me to give this amount without making any agent or policy but then company didn't give any rupee, instead they were giving letters to my address that you have not done work for the company, your growth will for the various months are 0.80ps, 1re and etc. Instead of 98280, Company gave Rs.9/-. I was told that as per ULIP policy, company will pay your next 2 premium and will cut the amount from 98280/-. So now my policy is lapsed and i have lost Rs.1-. He has made fool many people by this. The company is basically of Himatnagar, Gujarat and He took office on rent at Navrangpura, Ahmedabad. The address of the company is as below
INDIA INSURANCE CONSULTANCY
Shivam Complex,
3rd Floor,
Nr. Bus Stand,
Himatnagar,
Dist. S.K. (Sabarkantha)
Gujarat-383001
Company Owner Name is: Vijay (Surname is not known and he is former Principal of some school at Himatnagar, Gujarat)
Beware of this company.
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