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Missellig by Bajaj Allianze Life Insurance Anil-Singh-Rautela- | Insurance | 1 Reply

22
May
2013

Misguidance on the purchase of policy

I bought a policy from Bajaj allianz life insurance. And I have been paying the premium of INR 70000 from last 3 years. However, I had gone the company office for the surrender of policy. And they told me if I surrender the same. The total deduction would be 50% of the total premium paid by me. At the time of purchasing this policy, the agent had misguide us. They told me that if u pay the premium. You would get 16% of inter dental each year and you can cancel the policy after 3 years. He had never told me regarding Surrender charges. As per understanding the surrender charges is only 4 % if I cancel the policy the after 3 premium. Request you to please do something regarding this matter. Please feel free to call me. And kindly suggest me the right way, should I go to the consumer forum or raise a RTI against the company

Thanks

Anil

9711073236

By IndianMoney Experts - 2013-May-24
Dear Anil , Kindly contact the customer care of Bajaj Allianz Life insurance company 1800- 233- 7272 to register your complaint.Read all the information properly before buying an insurance policy. Mis selling is a rampant practice prevalent in insurance products.Understand your insurance needs.Don\'t buy that insurance policy in a hurry.For any queries visit Indianmoney.com as it is India\'s only free on call money adviser.
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