Bajaj Allianz charges heavily even after serving minimum period

Beware of any ULIP plans, especially from Bajaj Allianz. You will feel cheated when you will be in need of money, and want to get money from them.

While purchasing the policy their agents tell that you can withdraw the money after 3 years of premium. But the thing they don't tell is that you can't withdraw your own money even after that (minimum 20 years!). You should have been read your 60 pages documents to verify, and to catch their agents lies.

Lets take a scenario of Bajaj Allianz ULIP as follow:

• 15,000/- is the premium for a year
• 3 years is the Minimum number of years you have to pay
• 60,000/- you paid for 4 years (minimum period served)
• Say as per 9.0 pa interest (FD rates), you would have earned 22,000/- interest without any risk.
• Total Investment : 82000/-

Now let see what they got,

• -10,000 maintenance charges for 4 years
• -8,000 for surrender charges (they never tell you about that)
• -22,000 As market neither did good nor bad (only Bajaj Allianz got money, not you)
• YOUR TOTAL LOSS  = Bajaj Allianz Profit =  40,000/-

Lets say market doesn't change much (went up and down in 4 years). What you got:

• 60,000 you paid, and as per interest of 9 pa, this amount should have around 82,000 by now.
• They have taken 18,000 from you (off course they have to pay their employee salary from your pocket)
• You get 60,000 - 18,000 = 42,000/-

How much You Lost :

• 82000 - 42000 = 40,000/- (50% of your money)

I've invested and studied many ULIPs plan, and suggest you not to invest in any ( and never in Bajaj Allianz).

Express Movers & Packers damaged My Bike & goods Heavily

Recently while switching job from Noida to Bangalore, I need to move my goods to Bangalore.

I heard that Express Movers & Packers are good for that. So I contacted them and took there service. They claimed that they will transfer my goods & Bike in six days. I picked up my necessary goods and clothes for the survival for 7-8 days, which were looking sufficient to me. For the safety purpose I took 50000 INR Insurance although they were saying that they will no harm for the Goods except any Natural Disaster. I was feeling myself on the cloud that how easily I'm shifting to Bangalore.

But Alas !!! that was all my dream which was completely crushed by Express Movers & Packers.

I waited for them for the last 15 days, during that they even don't know what is the status or position of my goods. My life became so miserable that Every couple of days with my new hectic office hours, I've to wash my cloths by my own. And what was my condition without my cloths & Bike for such a long time, I cann't describe.

After a long wait at last at 16th day I received my Goods & Bike but heavily DAMAGED !!!
Bike has :

• A deep dent at the tank
• Rear Mud guard missing
• Rear mirror missing
• It is showing 700 + km run just in the transportation
• Engine is sounding like a sick bull
• Almost every part of bike is loose
• My bag has all the damaged goods in itself
• Bag's cloths is tore away at many places. :(

I ask the guy about the same then they denied to take any responsibility. I tell the guy that I will sue them, then Instead of excepting the mistake, he THREATENED me of my life and said "Kar le jo karna hai, Agar main apne pe aa gaya to tu nahin bachega (Do whatever You want. I can make your life miserable If I want) ...."
Me was feeling like a victim, who don't have anybody to help. In the New city Even I don't know what to do.

Well when I talked with the Delhi Guy And He said he will try for the compensation but cann't commit the same. Also they didn't give me My Insurance paper, and delaying with some rubbish excuses.

I reported in consumer forum. But no gain as expected :(

Beware of them!!!