Bajaj Allianz indicted for unfair trade practices
Source: The Times of India
Companies often lure consumers with attractive schemes, but later try to renege on their commitment. In a significant ruling, the Central Mumbai District Forum bench, comprising president Nalin Majithia and Bhavana Pisal, came down heavily on Bajaj Allianz and directed the insurance company to pay penal and deterrent compensation, which is rarely, if ever, done.
"The consumer forum noted that
Bajaj Allianz had misled the consumers
by offering an attractive policy,
but refusing to honour its commitment,
after collecting nearly Rs 30 lakh as premium"
Bajaj Allianz had misled the consumers
by offering an attractive policy,
but refusing to honour its commitment,
after collecting nearly Rs 30 lakh as premium"
'Bajaj Allianz informed the policyholder that
the company had made a mistake
in stating the benefits under the policy'
Onkar Prasad Dixit, a senior official of Sahara Commercial Corporation, had taken a policy known as Bajaj Allianz Swarna Vishranti Pension Plan from Bajaj Allianz General Insurance. The policy was
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