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Cheating in life insurance Prajith- | Insurance | 1 Reply

15
May
2013

Bajaj allianz Life insurance cheating.

My self Prajith T R. MY BADLUCK I had taken a bajaj Allianze life insurance policy through citibank .I wanted to surrender the policy (Policy no:0246466390) because of some financial problems and I had sent all the documents to their chennai office on 15th May 2013 .As per their call center executive,I should be getting the refund within 15 working days.But now it is over morethan 30 working days(Total48 days) and I had not get any acknowledgement or intimation from them.After a lot of my phone call they intemated with me(On 03-05-2013) with a info that my signature was missing in my application letter and they said they will refund me only 60% of the total premium ,that means I invested Rs.25500 and I will get only Rs.15300 so not only I won\'t get interest for these period for which I invested trusting them but also they are going to grab 40% of total amount of my money.They have taken my may month premium also(Rs.1500) which has happend only due to their irresponsibility in informing me earlier on pending reason(I had to wait 48 days).

Kindly advice me to get all my money back.

Regards
Prajith 
Bangalore

By IndianMoney Experts - 2013-May-15
Dear Prajith, Please contact Bajaj Allianz customer care 1800- 233- 7272 for resolving your complaints. Mis selling is a rampant practice prevalent in insurance.It is no use crying over spilt milk.Always study the insurance policies during the free 15 days grace period.In order to study about insurance please look up the website IndianMoney.com.This is India\'s only free on call money adviser.
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