Please don’t buy any Policy from Bajaj Allianz life insurance otherwise your money will be in danger.
I purchased a single premium policy of Rs 25000/-
Later on came to know that its not a single premium policy, if u want to pay premium every year you can, if you don’t want to pay still there is no problem, but your insurance cover will remain on.
After around 4 years I visited their office in Ambala Cantt, they told me that the policy is lapsed due to non-payment, when I asked that your agent told me its a single premium policy they said, no sir its not.
After around 5 years I asked what is the balance, , surprisingly its around 10, 000 (Ten Thousand only).
My suggession to all my friends Don’t buy policy from a Private Co. specially from Bajaj Allianz.
They are looting your Hard earned money.
Regards,
Manish