Bajaj Allianz Insurance
Not paid the full Assured amount

When I took this insurance they said it was one payment and if i pay 30, 000 i will get 60, 000 in 5 years.

And it was clearly mentioned in the policy that the the term was 1 year and total premium payable for selected mode is thirty thousand fifty two and paise zero only and the sum assured is 60, 000.

But on maturity they paid only 31, 500 and when i asked they say that i did not paid the second year premium of 30, 000. I could not understand if i pay 30, 000 30, 000 in 2 years and they give back 60, 000 after 5 years.

I have sent a leagal notice too but no reply from them.

Company: Bajaj Allianz Insurance
Country: India

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