Me and friends had 3 ULIP policies with Bajaj allianz...I became mad after seeing the amount after 4 years..They really cheating guys..for a confirmation..just search in Mouthshut.com by typing the keyword ’Bajaj Allianz’ then you will come to know..
For a policy we invested 40, 000 in these four years(per year 10, 0000)..These people don’t know what they did...One I called and enquired about the value at present..I shocked they said RS.42, 000 in your account..
I don’t know what they did whether they invested in market or not....then I planned to drop out this policy and asked them how much I will get If I drop out..Then another shock..
They said..blaw blaw charges and finally It came around..Rs.36, 000..I agree those are all the charges they will be taking awhile drop out the policy and they would have mentioned in the agreement document..
Question is..only Rs. 2000 they can make as profit from my Rs.40, 000...We know how market has grown up after the down period..even in this situation this much only they are showing as profit ..Its too much cheating...
May be their officials have been invested in wrong shares..Don’t go with Bajaj Allianz ULIPS...