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Dear Sir,
In an interview published in Economic Times, you say that “I think, this suggestion copying what is done in New Pension Scheme and Mutual Fund sounds a bit far-fetched”
This was part of an answer to the question on agency commission to be removed from 2011 and replaced with a fee-based system from a panel headed by PFRDA chairman D Swarup.
My question to you is “Why are Insurance companies trying to sell Insurance in the garb of Investment products?”
Especially, since Insurance and Investments are two different products, to my mind. Should one mix Insurance and Investment and Insurance v/s Investment
I find it paradoxical that you try to compete with investment products and then complain too.
Regards,
Yours faithfully
Ranjan Varma
I edit Personal Finance Online Resources, nurture Financial Literacy Foundation, deliver Financial Awareness Workshops and have built a desktop RupeeManager.
Invite me for a talk. Email me on ranjan@ranjanvarma.com or Call me on +919867755615
I would love to see Mr Kamesh’s comment here
Somehow these questions are just swept under the carpet again and again.
I agree with Ranjan
And also ask them why they even call the insurance provided as “protection cover” when its not more than 1-2 times of their yearly income ..
I know that its customers responsibility how much he asks for , in that case who’s reposibility is it to educate them about the right insurance requirement ?
Manish
http://www.jagoinvestor.com
nice article,
people in armani suits selling crap to gullible people
“Hi Ranjan! Thanks for the article & it’s nice & informative. I think that investment & insurance are two different terms & both must remain separate.
dear all,
welcome!thanks for the service.
A good question to a wrong man in a good place…
Bajaj life is a big brother in taking huge front loaded ulip polices,their UNIT GAIN(ALLOCATION 30% ONLY) created hurror in the markets in early 2004.
dear all, true!
life insurance and investements,tax saving are different objectives.
Donot try to mix them.
term planplus family floter health policy, ELSS and front line equity shares are simple to understand and execute.
thanks for this service.
STAY AWAY FROM ULIPS!
From: india511@hotmail.com
To: customercare@bajajallianz.co.in
Subject: RE: policy renewal problem
Date: Wed, 9 Jun 2010 05:36:48 +0530
sir,
ref no. track Number: 5129129
My cell is perfectly working this is your scam to not settled claim by giving excess credit in policy and when customer ask for claim you reject it with reason policy is not renewed updated pls give me a concrete solution and not
stupid excuses’ I am looser and I am ready to pay renewal payments also then why you are not accepting payments
pls don’t make BAHANA,S for refusal of claims I assure you I press it in leading media about this your tactics to
cheat a customer and it will affect your reputation I mean it
chandrakant t. bhabal
> From: customercare@bajajallianz.co.in
> To: india511@hotmail.com
> Subject: policy renewal problem
> Date: Tue, 8 Jun 2010 19:23:52 +0530
>
> Dear Sir,
>
> In reference to your mail, we have tagged your query under I track Number: 5129129.
>
> We tried to contact you on 9323577783,however there was no response.
>
> Kindly provide your updated contact number for further assistance.
>
> Thanks and Warm Regards,
>
> Swapna P.
>
> Customer Focus Unit
>
> Toll Free Numbers:
>
> Tata Users 1-800-209-7272
> Bharati Users 1-800-103-7272
> BSNL Users 1-800-233-7272
> Reliance Users 1-800-3000-7272
> General Insurance: 1-800-209-5858
> Fax number 02040111502
> Email id customercare@bajajallianz.co.in
>
> Thank you for reaching the Customer Focus Unit of Bajaj Allianz Life Insurance. It is our endeavor to serve you as quickly as possible.
>
> For further related queries or concerns mail us at customercare@bajajallianz.co.in .In case you are not satisfied by our response; you may kindly escalate according to escalation matrix.
>
> malthi.joshi@bajajallianz.co.in
>
>
>
> __________________________________________________________________________________________
> From : india511@hotmail.com
> Send : 07-JUN-2010 07:07:20 PM
> Cc : Life/CFU/Pune HO/Bajaj Allianz
> Subject: policy renewal problem
>
>
>
> sir
>
> I have mediclaim policy no 0055307807 with you
>
> my name is chandrakant tukaram bhabal I want to renew the policy but my problem is somebody deposited a amount in my policy which not allowing me to renew my policy
>
> I have sent money to deposit with your prabhadevi office your concern staff told that this policy is having sufficient money to cover my mediclaim and it is not possible to deposit money further due to maintaining full premiums in my policies I have not renewed my policy and somebody erroneously deposited premium in my policy pls refund the amount to concern person and accept my renewal payment
>
> your staff is not allowing me to deposit in my policy due to excess payment showing in my policy
>
> my problem is that if I need a mediclaim and at the same time you refunded the amunt deposited in my policy then I will be in trouble that you are not allowing me to my renewal and at the same time claim cannot be settled due to not renewal of policy who will be responsible for such negligence at your end or I will write to IRDA .
>
> chandrakant t. bhabal
>
>
>
>