Name: Hamara Bajaj sounds phony
Item: Bajaj Allianz Life Insurance
Rating: 1
Author: a Mouthshut User

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matgreg

Kochi India

1 Review

Hamara Bajaj sounds phony

Mar 15, 2012 01:26 PM 17354 Views

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I purchased two bajajallianz policies in 2007 and 2008 of premium 10000 and 12000 respectively. With my meager income I could only manage these ones. I have been told by my agent that I need to pay for 3 years only and then enjoy the benefit. Never realized the actual meaning of it. However now when I look at my statements, just giving you a cumulative figure as such my surrender value for both the policies comes out to be a total of 35000 where in fact I paid 66000 in both. So one can imagine the charges that bajaj levy every month. Iam totally aghast. There is no point to wait more since the value will go in decreasing becos of such charges even if the market rises. Just want to withdraw it asap. A humble request to all of you to think twice before going for bajajallianz and before saying its hamara bajaj.

Thanks,

Mathew from Kochi.

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