[Legal Advice] Bajaj Allianz Life Insurance Refusing Policy Renewal—Need Help!

[User_b39c7c64]

U

User_b39c7c64
PARTICIPANT
February 4, 2025 at 4:24 pm

Please help

[https://www.reddit.com/r/personalfinance/comments/1ihliad/bajaj_allianz_life_insurance_is_the_worst_insurer/](https://www.reddit.com/r/personalfinance/comments/1ihliad/bajaj_allianz_life_insurance_is_the_worst_insurer/)

Hey Reddit,

I’m in a bit of a bind here and could use some advice. Back in 2011, I took out a health insurance plan with Bajaj Allianz Life Insurance and have been diligently paying my premiums yearly since then.

Today, I got a call from someone at the company claiming that the maximum tenure for my policy is only 15 years. After that, it apparently expires and cannot be renewed. When I asked her to point out the relevant sections in the policy document, she dodged the question and said she’d get back to me.

I reminded her that, according to IRDAI rules, an insurance company cannot refuse to renew a policy without a valid reason. I even recorded the call and sent it to her over WhatsApp, stating that I’ll escalate the issue to IRDAI if I don’t hear back within three days.

Adding to this mess, the company has been pretty hostile, making it difficult to renew my policy and insisting on a Cheque payment for renewal, which feels like deliberate harassment.

I’m seriously considering lawyering up and taking them to task for this blatant disregard for regulations. Has anyone faced a similar issue or have any advice on how to proceed legally? Also, if there are any recommendations for lawyers who specialize in insurance disputes, that would be immensely helpful.

Thanks in advance for any help you can provide.

location Hyderabad.

Share

[Silentsuhani990]

S

Silentsuhani990
PARTICIPANT
February 4, 2025 at 4:29 pm

You earn all the downvotes you get

Share

[User_b39c7c64]

U

User_b39c7c64
OP
February 4, 2025 at 4:32 pm

OK. Is this not a correct sub for these questions?

Share

[User_5c76fe6f]

U

User_5c76fe6f
PARTICIPANT
March 5, 2025 at 5:08 pm

Hi. I have same experience

Share

[User_b39c7c64]

U

User_b39c7c64
OP
March 5, 2025 at 6:28 pm

Were you able to get it renewed?

Share

[User_5c76fe6f]

U

User_5c76fe6f
PARTICIPANT
March 6, 2025 at 3:24 pm

No. And I do not want any association with Bajaj Allianz. I have had a top up policy with them since around 2009. No claim all these years. And they informed me coldly that the policy won’t be renewed. No reason assigned.
Blood suckers.

Share

[Author]

Posts