I had taken a ULIP Plan from Bajaj Allianz in Oct 2006 last year. I had given Rs3000 as an advance premium amount for 3 months (1000/month) till Dec 2006 but the certificate that I got only exhibit an amount of Rs1000. Moreover I had agreed to pay my premium amount for rest of the months through ECS. I had also completed all the formalities that were required for the ECS to be materialized but the premium amount has not been deducted from my account from January 2007 onwards. I have not received any documents or correspondence from the company since I have taken the policy (except the certificate).
I called up Bajaj Allianz’s customer care and also wrote mails to their help desk but no step has been taken so far to resolve the issue.

Because of all this I couldn’t get the tax benefit for the March 2006-2007. Moreover I will have to pay the accumulated premium of 4 months (Jan 2007 – April 2007) also.