In jan 2009,I had invested 12000 each in two policies of BA named "new unit gain" with policy no. 0118324808 and 0118325368.These new unit gain policy of BA was banned by IRDA in 2010 but BA never let us know all these things.

I paid continuosly for 3 years installments,hence I invested a total of Rs 72,000.The agents of BA are so cheap and fraud they never say anything about surrender and allocation charges and give us bluff that your money will be tripled after 5 years.Although these ULIP policies of BA are meant for 20 yrs which is too high and in reality ULIP policies are meant for 5 yrs only and payment for the 5th year is always optional. Such cheap agents of BA will never be able to live in peace,God will punish them badly at some point of time.They have cheated me of my hard earned money after paying income tax.

When I had a look at my fund value after 4 yrs ,I found that my fund value is reduced to rs 52,000, over that they were applying penalty of 7% as surrender charges.I was simply teriified and feeling so much guilty within myself that I have given my hard earned money to an MNC like BA so easily. It wud have been 100 times better, had I given all these money to "Bharat Seva Ashram" instead.

Finally in March 2013, I decided to withdraw my money because I had decided that by any means I will not allow BA to enjoy interest on my money any more.They just returned me a poultry amount of Rs 46000,which means I have lost 26,000 of my hard earned money.

I had sent repeated emails to BA but all in vain and all their CC felows are illiterate.

But the biggest scoundrel of BA is Mr V.Philip,CEO.He is a pure eunch and nothing else.

All those who lost money in BA write your emails to v.philip@bajajallianz.com.

Never ever think of investing in whatsover policies of BA.Let us all boycott Bajaj Allianz.

Regards

Santanu Dutta

9324260771