To Dated 12-01-2017
The Grievance Redressal Officer,
Bajaj Allianz Life Insurance Company Limited,
GE Plaza, Airport Road, Yerwada,
Pune – 411014.
Sub: Termination of Policy No. 0020804774
Ref : Your letter dated 8th December 2016.
With reference to above mentioned letter I have received a cheque for Rs. 530/- of axis bank ltd 833457 on 27th December 2016.
By seeing your letter I have shocked because you have terminated the policy without any information by mentioning in the letter that policy has been terminated due to non-payment of regular premium during the revival period of two/three years from the due date of the last unpaid premium.
In this regard I would like to submit the following:
- I did not received any letter from your office for any due to amount for the payment of premium since the policy taken from 26-05-2006.
- At the time of policy issuing your agent informed that if I have to pay premium for 3 years from the commencement of policy, after that even though I have not paid the premiums the insured amount will be paid to the nominee at the time of death.
As I have paid premiums Rs. 20,000/- per year for the above policy for a period of 3 years and I did not receive any letter to pay premiums for death policy I request you to renew my policy for death coverage otherwise I will approach consumer court or any appropriate court for the termination of the policy without any information.
Flat no 104, Sanjana Apts,
Near 133-S.R.T, S.R.NAGAR,
HYDERABAD - 500038
Sir can any body suggests I have replied to their letter, but no reply was received for unit linked policy.