My mother 70 years old, she did investment 5 years ago for “Bajaj Allianz New Unit Gain Easy Pension Plus SP”?

My mother 70 years old, she did investment 5 years ago (11-Sep-2006) for “Bajaj Allianz New Unit Gain Easy Pension Plus SP” while doing this investment she was carried away by the agent’s big talks. she was not aware that the sum of this insurance will not be given her life time. the due date for maturity was 11-sep-2011. about one month passed to this date today, she went to Bajaj office, they told her that only 33% she can withdraw. an interest of 7% annually will be given to her on the balance amount
she cannot recover the full funds. If she could have applied 3 months before the maturity date (11-sep-2011) she could have given the full amount. The funds are sent to Pension plan already.
the balance will be only paid after her death to the beneficiary.
She is in dire need of money due to multiple illness and other expanses
Is there is any way that considering her old age & illness the insurance company to give her the investment she has made?
The secunderbad(AP) office is useless they are not ready for any cooperation at all. Unfortunately my mother is not in a shape to move here & there she is heart patient too. The agent who made this policy also left Bajaj Allienz. The agent made her fool, brochure was not given complete information.
The policy schedule also made in such a way that it could not understood by ordinary person. top of this, the schedule is in English and all clauses are binding the buyer not the Bajaj Allianz.
Before the maturity (5 years completion) at least Bajaj Allianz office could have sent the notice whether to continue in Pension fund or to withdraw the sum would have to disappoint in this way. I want to know if she incurred a bit loss, any possibility she can withdraw full funds? Please help.

I am confused about my internship..should I go for eveready or hdfc or bajaj allianz or vodafone or …..?

I am confused about my internship..should I go for eveready or hdfc or bajaj allianz or vodafone or somewhere else….I m in 2nd sem of MBA….my specializations (dual) in 2nd yr, would be marketing and Hr…I have been selected in eveready,hdfc and bajaj….where should I go?….I have heard that eveready is a very good platform to learn things…..should I go there or somewhere else?

invested in “bajaj allianz asset allocation fund” premium of 12000 anually…?

hi my dad has invested in” bajaj allianz asset allocation fund” premium of 12000 yearly… we bought at 10 unit price…in 08.. now its on 13.47 latest figures…its should we hold???…what is its scope in an year…
again also invested in “BAJAJ ALLIANZ ACCELERATOR MID-CAP FUND” 20000 premium yearly…at unit price 14.4..in 07…now its 21.8 latest figures…whats its scope in about an year…

“Bajaj Allianz New Unit Gain Easy Pension Plus SP”?

My mother 70 years old, she did investment 5 years ago for “Bajaj Allianz New Unit Gain Easy Pension Plus SP”?
My mother 70 years old, she did investment 5 years ago (11-Sep-2006) for “Bajaj Allianz New Unit Gain Easy Pension Plus SP” while doing this investment she was carried away by the agent’s big talks. she was not aware that the sum of this insurance will not be given her life time. the due date for maturity was 11-sep-2011. about one month passed to this date today, she went to Bajaj office, they told her that only 33% she can withdraw. an interest of 7% annually will be given to her on the balance amount
she cannot recover the full funds. If she could have applied 3 months before the maturity date (11-sep-2011) she could have given the full amount. The funds are sent to Pension plan already.
the balance will be only paid after her death to the beneficiary.
She is in dire need of money due to multiple illness and other expanses
Is there is any way that considering her old age & illness the insurance company to give her the investment she has made?
The secunderbad(AP) office is useless they are not ready for any cooperation at all. Unfortunately my mother is not in a shape to move here & there she is heart patient too. The agent who made this policy also left Bajaj Allienz. The agent made her fool, brochure was not given complete information.
The policy schedule also made in such a way that it could not understood by ordinary person. top of this, the schedule is in English and all clauses are binding the buyer not the Bajaj Allianz.
Before the maturity (5 years completion) at least Bajaj Allianz office could have sent the notice whether to continue in Pension fund or to withdraw the sum would have to disappoint in this way. I want to know if she incurred a bit loss, any possibility she can withdraw full funds? Please help.
7 working days are spoiled for approaching Bajaj Alliance office in Secunderabad. Branch manager is not ready to take the application and not answering the call as well. Divisional manager says I am merely an employee, I can not take any responsibilty if head office have not sent any notice regarding the vesting date. the two mail IDS [email protected] and [email protected] —also not answering from two days I sent them mail.

*******[email protected] I sent the message to this e-mail and following response arrived.
The recipient’s mailbox is full and can’t accept messages now. Microsoft Exchange will not try to redeliver this message for you. Please try resending this message later, or contact the recipient directly.
***My telephone is 09676935189
Bajaj offfice got in touch, they said they are looking into the matter.

.Bajaj Allianz mis selling?

My mother invested in Bajaj product called “New Unit Gain Easy Pension Plan”. She was lured by agent at the time of investment in 2006. Unfortunately agent given incomplete information & big talks about the product.
Agent left Bajaj and disappeared. After 5 years finished about a week ago my mother went to the Branch to claim her refund. It was told her that the vesting date was one month earlier and you should have come at least 6 month prior to the vesting date. Now you can not avail the full return. At the time of investment the agent took the signature & the policy scheduled reached 3 months later.
She can only understand the Hindi, Policy schedule was given in english. Big words from agent made her to invest her saving in lure of big growth.
While the door slapped on her face at Bajaj Alliance office, she went the translation of bond, it has noticed that neither she is able to take any loan from her own funds nor she claim them in full after the vesting date. only 33% can be claim.
The amount is in pension fund for that she will get the interest of 8%. but not the principle amount.
For a senior citizen bank is giving about 9% to 10% interest that too, you can withdraw your funds at any time.
5 years from now the agent left Bajaj, there is no support, no follow up from Bajaj Allianz.
Bajaj Allianz was not bothered to appoint any one to follow up the customer. 5 years ago what she signed in ignorance should not be the ground to invest her funds without any written concent from her. Any policy when premium is being asked at least three month grace period is given to pay. In the same way after the maturity date of Baja Allianz product either a prior notice or grace period is desired whether to invest in pension fund or take full refund. but this is not the style of bajaj allianz.
Then why without her indemnity funds are vested and no any notice served to her for such purpose.
We met branch manager and divisional manager pleading that she is 70 years old suffering from several ailments, at the time of investing the product was mis sell keeping her in dark the hazards of vesting date. This is hight time she is in dire need of her full investment funds to support her treatment and living.
They simply told we are employee we cannot do anything. If your agent left Bajaj Allianz is not our fault. The person who is not able to walk is pleading for her own funds. Branch manager said Amma you go home I will call you. What calling he is not picking our phone.
This is the tactice Bajaj Alliance punish its customer. Client is being punished for coming one month late, infact no any notice served from Bajaj, no agent to follow up her dates, no grace period. The Amazing thing is product schedule desires her to come 6 month prior to vesting date. and these things are not explained to customer in hind while signing at the time of investment, beside this in the schedule Bajaj is not responsible for serving notice, customer is liable to come 6 months before. her funds are went into blind pouch she can not avail them her life time when she need them at the most. This tactic only harm the good will of Bajaj Allianz. Can Any one show us the Ray of Hope or convey this message to other, not to trust Bajaj Allianz.
**** Yes Private insurrance companies specially Bajaj they make us hang communicating that trying to recover the full amount but the end of this day they refused. They are “Majan” the ultimate money succer** my family is the victim we suffered lot of loss I want to tell people to be careful fromt he Name Bajaj Allianz specially.

Bajaj Allianz Unit Gain Plus Policy?

Couple of years back, I took a Bajaj Allianz Unit Gain Plus Policy

I am depositing around 60000.00 a year and have done it for the last 2 years.

There site now shows that I have put in Rs.1,28,000.00 and its value is Rs. 1,61,000.

Thought that is very good interest rate.

Now I am thinking of putting in approx on lakhs every month to it.

Do you think it’s a good idea?

What interest rate can I expect?