I started a ULIP plan ‘new unit gain’ In sep-2009 my policy number is 0134859525 with annual premium of Rs 20000/-.
After too much total initial deduction of 62% my fund value was around Rs 7400/-.
As this plan is linked with Market that was 13500 at that time. Now Market is at 17980/- but my fund value decreased from Rs 7400/- to 6200/-.
Even after deducting more charges they are not managing the fund properly and slowly taking away my remaining money.

So even in market rise were most of the equity diversified and balanced fund schemes giving 30-40% returns this scheme returns is in negative.

Then how will I make money out of this plan ??

So this is the complaint against Bajaj Allianze Company and it’s fund manager that they are not able to manage the customers fund properly.

I also raised the similar issue with this Insurance company before with a complaint ref no: 5447561. But they changed the status of it to resolved without resolving it.

They should return my remaining money with allocation charges that they have deducted initially, as they are not able to manage it.