I accept that I made a mistake of not reading properly their 10 pages of terms and conditions but just written this blob such that people like me will keep distance from Bajaj Alaienaz and other Life Insurance companies.
DON'T EVER GO WITH BAJAL ALLIEANZ Insurance without reading each line of their terms and conditions!!
This is my personal experience.
Representative told that if I pay the premium(10k) for 3 yrs I will get the guaranteed 100% money I paid and if continued to pay the premium for complete 20 yrs I will get better return than bank.
I took life insurance from Bajaj Allienaz in 2011and paid 10k for 3 yrs. In 2014 when I went to close the BAJAL ALLIEANZ insurance policy they told that I will get only 18k!! They want me to continue the policy for another 17yrs!
I'm going to close the account and withdraw at-least 18K. I paid total of 30k and only getting 18k onhand and loss is 12K
I personally prefer only PPF for long term saving. Use some gov bank or post office for PPF savings.
My Policy number: 0169006007
DON'T EVER GO WITH BAJAL ALLIEANZ Insurance without reading each line of their terms and conditions!!
This is my personal experience.
Representative told that if I pay the premium(10k) for 3 yrs I will get the guaranteed 100% money I paid and if continued to pay the premium for complete 20 yrs I will get better return than bank.
I took life insurance from Bajaj Allienaz in 2011and paid 10k for 3 yrs. In 2014 when I went to close the BAJAL ALLIEANZ insurance policy they told that I will get only 18k!! They want me to continue the policy for another 17yrs!
I'm going to close the account and withdraw at-least 18K. I paid total of 30k and only getting 18k onhand and loss is 12K
I personally prefer only PPF for long term saving. Use some gov bank or post office for PPF savings.
My Policy number: 0169006007
