Bajaj Allianz Complaints & Reviews

I have taken SARVE SHAKTHI SURAKSHA policy through CITI Bank on Sep-2011 and surrendered the same on 01-Jul-2013. Customer Executive from Bajaj Allianz called me for Surrender confirmation call on 09th Jul 2013(Kalyani from Pune) and she has explained me about the Surrender penalty and Administration fee and all. I am not satisfied with that since I have been informed that For capgemini employee there is no Administration fee when surrendering the policy.

Again I got a call on 10th and 13th Jul from Chennai Bajaj Allianz and I have been informed that My policy got cancelled and I will be getting the amount on or before 17th Jul 2013.

Till date I haven’t received my amount and didn’t get any info regarding that. When I called customer executive today, I have been informed that my policy is still active.
Also I sent an email to 'citi.[protected]@bajajallianz.co.in' and '[protected]@bajajallianz.co.in', till now I didn’t get any reply from anyone.
My Policy No: [protected]
Policy Holder Name : Seetharaman Kandasamy

Hi,

I am well educated professional and today felt completely cheated with Bajaj Allianze Super Saver plan.

The policy return doesn't match with what is claimed in their brochure and explained by the Bajaj Allianze agents.

I have supporting documents which explains how Bajaj Allianze is cheating the small investor with wrong propaganda of giving guaranteed return. In thier Policy document...

Respected Sir,

I took Bajaj Allianz "Sarve Surakhsa Policy" 3 Years back. When I took this policy the agent told me that I can surrender this policy after 3 years
without any charges. Now after 3 years when I want to surrender my policy and they are deducting other additional charges. I have already paid approx 36 installments. Please help what should I do. Also I have read many other complaints for this "Sarve Surakhsa Policy" . Other customers are complaining the similar fraud. I took this policy from Citibank.

Till now I have paid approx Rs 54000 and now my fund value is 29000. they have deducted almost 25000 which is big loss for me.
There are many other people who have similar complains about this policy,.
Please help me in getting my money back.
My policy details
Name : Satyendra Kumar Singh

POLICY NUMBER CB05417
Policy number is [protected]

Please let me know if you need any other information or document from my side.
Hoping for a positive reply from your side.


Thanks and Best Regards
Satyendra

BAJAJ Allianz Insurance "Policy No: FBA/[protected]"


Proposed Insurance bumper to bumper not cover me

"Respected Sir,

As our telephonic conversation I have explained below the fact how to occoured.

Dated 15/06/2013 I was returning from Kharagpur , near Nandakumar
(NH-41)at about 17:45 hrs. Suddenly I saw an old man cross the road ,
no chance to bypass him, I breaked my car and stop the car but a
tata magic (chota hati ) failed or disbalanced his break behind me
and hit behind of the car. After this fact I saw that my car's diki
and bottom of the diki is fully damaged and could not open and at the
bottom there is a hole. It was necessary to open out some imortant
things from my car's diki. So I went to road side car mistry for open
the diki and he did the temporary job on the car at durgachalk,
Haldia .

I have taken the car from Jayashree Ford ,(Jamshedpur), Tata so I
contacted to Kaikan Ford and told all matter.

17/06/2013 I went to Kaikan Ford and met to Sandip Ganguly and then
went to Kaikan Ford's workshop , it was ture, workshop was unknown
place to me, so I reached late. After some conversation I told to
Pradip babu I will return tomorrow early evening.

My driver Krishna bahadur Rana drived the car, near Dulaghar,Hawrah
again another accident occoured at that night at about 20:45 hrs, when I return to Haldia.
a bus over take and came into my truck from left to right , my driver
moved to right more and hit the divider and breaked , at the sametime
an unknown car disbalanced and hit my back side of the car . After
that I saw, my car was damaged front side, back side and side door
also.

Dated 18/06/2013 I reached Kaikan Ford workshop and explained
everthing and fill up the form for claim my insurance . Kindly look
into this matter to get my full coverage and oblidge .

Thanking you"

Sir,

The above letter I have written when they have clearified me after surveying my car. Now they tell, at a time I have to claim insurance only one incidance not two i.e last incidance.

Pl. help me.

Thanking you
Mrinmoy Biswas.

Hi,

I had taken bajaj allianz insurance policy with policy no [protected] on september 2011. Till now i have paid all the premiums .But do to some reason i want to surrender it. As per the policy the surrender charges for 0-23 months is 7% but they are charging 35% of the amount i have paid that is approximate to Rs.10000. Whereas nothing is mentioned in the policy and nothing was mentioned when i purchased it . Inspite of regular calls to call center and the representative they are not responding .

Please help me get my money back.

I opened a Citi bank salary account in Sept-2010 when I was offered for the BajajAllianz insurance policy linked with Citi bank suvidha account. They guaranteed 8% returns and 2 years lock period. They can I can come out of the policy anytime after 2 years. I opted for when they say I will receive the bond along with terms & conditions in few days after the enrollment and I can take back off it within a month if I am not OK with T&C and no penalty for that. But I received the Bond only after 2 months and that too after so many follow-ups. the bond is just 2 page doc with hardly 5 or 6 point under T&C. I am paying 2000/month and paid (33*2000=66,000/-) till date. After 2 years completion, I wanted to cancel the policy and called customer care. They say the lock period is 4 years now. If I still want to surrender, i will lose 40% of the amount I paid as premium. That is ridiculous. If I call Citi bank, they say they have no info to give and asked me to write to citi.[protected]@bajajallianz.co.in. I wrote a mail with all my detials. It has been 15 days and I am still waiting for their reply. I have not got any acknowledgement mail either. I kept on sending mails without any luck.

I decided to close my Citi bank also now. I want to get rid of the bank account and the insurance policy. I am seeing lot of complaints about this, but none of them say the problem is resolved.

Dear Sir/ Madam,
I am Sonu Prasad I joined Bajaj Allianz life Insurance co. Ltd. on 3rd Jan 2013 and reigned on 17th of May 2013 and Final date of Relieving 23rd May 2013. my employee code was 156631. till that i didn't get my F&F amount i send him all the formalities before 1 Month but till date i didn't get it. I have mail several time to about my F&F amount, But from company (HR) side only given instruction. That we realsed you money on 18th june 2013. But in my account such payment are not shown. My stan chart bank A/C No. [protected].

So, Please help me.

I, Sharmistha Bhattacharya, Relationship Officer, an employee of Bajaj Allianz Staffinf Solutions and working in Bajaj Finserv office at Infinity Benchmark, Salt Lake, kolkata had applied for resignation on 17 April 2013 from my company email id, without giving a notice period to my Manager Mr Himanshu Dave due to his indecent behaviour and verbal abuses which forced me to do so. As per contract it is clearly mentioned that "either party...

I've insured my car Volkswagen POLO under policy no. MC[protected].
However my claim (claim no. OC[protected]-[protected] due to my accident on 3rd June 2013 was not passed in full because the company did not pay for the dent occurred in the same accident as well as for the loss of my wheel covers.
I'm completely disappointed by the way my case has been handled by Mr. Mahendra Jangam where in he showed complete disrespect and negligence towards a serving officer of the Indian Air Force and harassed me mentally for 15 days for the same.
i hereby request you to kindly look into the matter and take actions as required.
Yours Sincerely
Malay Bohra
Flying Officer
AF STN Bidar

Dear Sir

I am Chandrakant Kumar from Gaya district in Bihar

Let me bring to your notice that I have been cheated by Bajaj Allianz Life Insurance Company to such an extent that I have been loosing all my faith over humanity. I took a life Insurance policy in the year 2009 with policy Number: [protected]. I was supposed to pay a premium of Rs 138000 per year. The third premium which I paid in the year 2012 was used for a fresh policy on some one else life keeping me in a perception that my policy is in force however my policy went in a Lapse mode because of non payment of premium. The Premium was paid via Demand Draft number 029329 payable at Bank of India Gaya Branch dated 18/08/2012.
The story doesn't ends here I paid another premium of Rs 400000 via cheque Number 415529 (HDFC Bank) as a renewal premium for policy number [protected] on 28/03/2012 which again was used for a new policy on some one else life with different Address and false documents. The second policy too went into lapse mode. More over since the future premium was not submitted hence the policy was foreclosed and an amount of 55000 was returned by the company this May. Please note I took this policy for some profit however this has incurred me heavy loss because of this unprofessional act.I have already submitted my complains to the Bajaj Allianz people but no such action has been so far taken.
I strongly demand an inquiry in this case and strong action to be taken against the culprit. The Demand Draft and the cheques were collected by the Branch Manager Madhukar ji Madhu and Sales Manager Ajay Kumar Mishra. Both of them belong to Gaya Branch. I have suffered both Mentally and Financially and demand compensation along with the Principle amount Cheated.
My mobile number is :[protected]
Alternate Number: [protected].

Regards
Chandrakant Kumar
Gaya

Dear Sir / Madam,

I beg to that i am Pankaj K Gupta m frosted from Bajaj allianz life insurance company , because of false information which has gives by agent. i have two policy of my mother & brother , which was taken in year 2007. we were deposited each amount Rs. 30,000/- in three yearly step, but right now it's only Rs. 22,851/- each.

pls suggest what can i do for this.


Regards,

Pankaj Gupta

I have taken a policy after bajaj allianz executive came pleading to me for taking the policy prior one month they gave me all the wrong information . This agents just want the money and their commissions they are just money bounded they are in the market just for money and nothing else. Especialy this Bajaj allianz agents firstly they call us harrass us for taking up the policy gives attactive offers and then they turn up saying u have signed the form so we can not offer u the claims benefits .

My complaint mail as below

(
________________________________________________________________________________...⇄
From : vinayak.[protected]@techprocess.co.in
Send : 14-MAY-2013 04:15:00 PM
To : Customercare/CFU/Pune HO/Bajaj Allianz
Cc : Vinayak Dhage; [protected]@gmail.com
Subject: Fraud Communication Complaint


Dear Team,



I have got a call from bajaj allianz agent company which name is " HAVE MORE INSURANCE BROKER PVT LTD ".

And from that company Ms. Sneha P
atel (mob no [protected]) informed me that " You have old bajaj allianze policy ([protected]), In this policy the some of amount of premium goes to agent so bajaj allianze not able to give you benefit on full premium, So as behalf of bajaj allianze employee I have issue the newpolicy for you ([protected]) and the bajaj allianze give yo 100 % benefit of this policy premium and your old policy converted into new policy and same converted policy documents you will received in next 90days.



I neither received any converted documents yet and nor new policy documents.



This is totally fraud behavior from your agent or bajaj allianze company.



I have already raised a complaint for the same in your portal. Complaint no is 41802068.



Please do the needful and closed the new policy which is already opened with fraud information and reissue my policy premium amount ASAP.



Please take necessary objection and legal action about the same against HAVE MORE INSURANCE BROKER PVT LTD.



My Name - Vinayak Dhage.

My New Policy No - [protected]

Premium of New Policy which is I paid - 12,504.00 /-

My Birth Date[protected]

My New Policy Issue Date [protected]



Please solve this issue ASAP as same is pending from February'13.



Regards,

Vinayak Dhage.

)

Hi,

This is in regard with my provided fund. i have joint bajaj allianz life insurance on 30th jan 2009 till feb 2011. i have applied for provided fund after one month of resignation but till the date i have not received till the date. please help me for the same and here rajkot office is not supporting me. please help me to file my provided fund. kindly send provided fund form and documents which to attach. following are my details:

employee no 29035
pf a/c no mh/34020/071056

Regards,

Kunal Kacha

I had joined the Bajaj Allianz Family Gain policy in 2008. I had paid the premiums till 2011. When I saw that even after 4 years my fund value is less than what was paid I stopped paying premiums. Today I checked my account and was horrified to find that after five years they owe me only 38000 Rs.And I paid 48000 Rs. What sort of a fund is this. This is daylight robbery. Please find attached my account statement for 5 yrs.I cannot believe that this company is still in businessafter looting so may peoples money. Please check the NAV. for a face value of i0.00 Rs it has risen to 19.00. So the fund is doing good. But where has my gone. In the first year they allocated shares for 3600.00 only even though I paid 12,000.00. And so many hidden charges also.
why nobody is taking action against these thieves. If at all they want to make money only there are more easier ways. This is our hard earned money. Being an NRI I don't have the time run after this. Still if there people like me who are cheated by these new age Shylock, come on let us form a group.
we could use the social media and start a campaign against this company. my email id is [protected]@gmail.com. Don't suffer these people silently. I don't want any more innocent people to be fooled by this company.

A Call From Bajaj Allianz Insurance Company On 12 May 13.

CONGRATULATIONS,
You Have Won 1 Lakh Rupees Free Insurance Policy. This Is For Only Married Couples, We Have Selected You From 1000 Couples In Chennaites.

U Can Claim This For Lifetime. Ii Includes Any Diseases, Accidents, illness, Two Wheeler Loans,etc. For Whole Family. You Have Only Today To Get This Opportunity .Its For An Company Advertisement. (A girl called again @ Again more than 7 times.)

But When People Approach In Their Insurance Office which is located in Avadi. They become to know It’s All Lie. Just For An Advertisement Given Wrong Informations To Bring people Their Office. They take 2-3 Hours classes about insurance after they said its only for DEATH CLAIM.

(Many Of Them Have Come From Vary Fare Distance In Hot Sunny Day With Their Kids, They Quarrelled & Returned).

DON’T DO THIS TYPE OF CHEATING FOR UR COMPANY GROWTH.

Dear Sir/Madam

Sir Plz Provide My Pf Amount.

NAME DILIP SINGH SOLANKI

EMPLOYEE CODE BG02212

PF ACCOUNT NO .MH/PUN/300862/2317

COMPANY- BAGIC OFF (BAJAJ ALLIANZ STAFFING SOLUTION )

YEAR 2008

PAN NO. BTHPS0012F

MOBAIL NO. [protected],[protected]

EMAIL : [protected]@gmail.com,[protected]@gmail.com

I bought a policy from Bajaj allianze 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 i[censored] pay the premium. You would get 16% of interdental 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 in advance. My number is +91-[protected]

Sir,
Sub: Settlement of Policy No:
1.[protected]
2.[protected]
3.[protected]
.I am a retired woman from a private institution and I`m having a lot of medical treatment expenses, My husband and my only son are on a lifelong treatment also. Now I am in a critical stage. And I`m unable to pull this further again on future. I don`t have any pension also. The Agent told me that this is a single premium policies and I`m only aware of the rest of the premium amounts after 3 years when I`m not getting the money. Any way I`m willing to pay rest of my policy amounts and if that so I request you to give my policy amount without any lapse. So I kindly request you to look in to this matter. Thank you
By Sincerely

Mrs Saramma Koshy

I bought a policy with policy no- (OG[protected]-[protected] for my car (toyota liva HR-26-BN-7868 )insurance from policy bazaar on 11 Nov. 2012.
And that policy i purchased of Bajaj Allianz.
policy no -> OG[protected]-00019876
claim no -> OC[protected]-00002166
Bajaj Surveyor Name & no- Manish [protected]

On 30th of April i filed a claim complaint with Bajaj Allianz as some auto scratched my car from rear portion.Surveyer did the survey and gave estimate and my car got dented/painted in toyota paint sop in sector 18,gurgaon.
I was supposed to pick my car yesterday from garage as work was done.But now your surveyer asked me my previous policy details(which i do not have now with me as it is 7 months back i purchased your policy) otherwise he will not sattle claim and will not hand over the car to me.
Can you guys please tell me at this point of time when it is more than 6 months i purchased your policy - from where i can get previous policy details and what is the logic behind it.

Please look into the matter ASAP otherwise i'll be authorised to file a court case against Bajaj Allianz as it is clear case of customer harrassment by the company.


Warm Regards,
Anish Malik
[protected]