I had invested Rs 40, 000 in Bajaj’s Century Plus Plan in 2007 Dec. Now 5years have been completed and the insurance will close this year end. The current value is Rs 13, 638. When I checked the fund details online I could see that Rs 800 was taken as allocation charges and Rs 18, 668 was taken as charges. So around Rs 20, 000 goes to the pockets of Bajaj because when taking the plan they never mentioned about these charges.
I feel Bajaj allianz has cheated me. When I talked to the staff they were telling me to invest more so that I can get the profits. Such stupid comments.
NEVER GO FOR BAJAJ ALLIANZ.