I would say, going for Bajaj Alliance Life Insurance is the worst decision I made in my life. I obtained the policy(No-0101243186)in 2008( 5+ year as on today) and I have paid a premium of Rs.45000. My current fund value is 35000( as on 01/05/2013) and the most sad thing is the fund value is so low even when market is on 20K+ .
Recently, I had to withdraw my amount with great loss in fear of more loss in future. I really don’t understand what Bajaj is doing with my hard earned money. I really don’t understand people who made positive comments of Bajaj Alliance. I strongly believe those are paid reviews. I challenge people who posted positive feedback for Bajaj or "Bajaj Insurance Team" to provide me proof of earnings more than PPF / NSC or Fixed Deposit in a nationalized bank.
From my past experience, I plead people not to go for Bajaj Life Insurance (I am not commenting on other insurance providers since I don’t have insurance with someone else).
I request common people to go for NSC / PPF or Fixed Deposit so they will have at least 8% appreciation Year on Year. I kindly request people, to speakout about this public looting by word of mouth and social media.