Bajaj Allianz is the biggest Fraud on this earth. They pay 30-40% commission to their agents and have triined them to trap the innocent investors. Recently I could notice from the statement, they have sent me against one of my policies, that only 29% of my first premium was converted into units and pocketed 71% in the name of office and administrative expenses.
Now I have no option But to pay the premium for atleast 3 years to save the policy.
I know that I have been badly cheated by this company.
Initially I was told by the agent and not only that, they provided me printed documents making tall claims and I believed that company has circulated these documents but these documents were to simply cheat the investors.
I fail to understand that how the regulatory authorities have allowed this cheat company to openly rob the innocent people of this country?
Now the agents have gone underground and investors like us are weeping.
Beware of this big FRAUD!
Alok
Patna