Hi
Bikash here. I am a small sub broker from sambalpur, orissa.
arround 3 n half years back sandeep agrawal(sales manager) of Bajaj Allianz life insurance
came to my office and made me agreed to sell bajaj allianz products as an IC.

I was started making 10-15 thousand a month. I feel happy for other source of income.
I am collecting premium from clients giving to my sales manager(Sandeep Agrawal) in bajaj allianz office
and he deposited the premium in respective policy holders acount. and in return he give my the money receipt.

Each time i and clients both confirme by phone from bajaj allianz office for the money receipts authenticity.
Every thing gone well for some time.

now what happend is that i have given 80000 rupees for renewal premium of some of my clients.
and return i collected the money receipt which was duly signed and stamped.
I was made assured from bajaj allianz office for the authencity of money receipt each time i called them.

After some days there was calls from bajaj allianz costumer care started coming on
policy holdes phones that premium has not been given , plz pay or policy will be lapsed.
They asked me about the status of those policies.

I went to bajaj allianz office with those money receipts and asking for details.
in return they have send me the details of those receipts...

1. Premium has been deposited by cheque and receipt has been collected and given to me
by sandeep Agrawal(Saleas Manager , Bajaj allianz life)..later given to policy holders by me.
and the chq was dishonoured.

I have asked for detailed information from them and they have given me the
photo copy of cheques deposited againest those renewal pemium receipts.

There was no such accounts as well as signatures of policy holders.
I can clearly recognise the handwritting on those cheques was of sandeep agrawal.

i went 2 him for an explanation on these.
He assured me to give money back to all the policy holders in a month time.
i was agreed because 80000 rupees means a lot to me as well as there was a fear of
bad publicity of my existing sub broking business bcoz most of the policy holders was my clients in equity trading.


now arround two years gone nothing has changed.

Wt clients(Policy Holders ) loose

When premium was given sen*** was arround 11000 and they came to know when sen*** was at arround 20000.
they couldnt gain while sen*** was rising and they loose the most when sen*** was falling.

What i loose

1) I was stopped working as an ic for Bajaj Allianz Life insurance.
2) i have given money to policy holders from my pocket.
3) Clients have closed their dmat accounts and stop trading.
4) Bad publicity of me and my sub broking business.
5) Aultimately closure of my sub broking business.

Have i done anything wrong.


I have the fake money receipts.
I have the fake cheques deposited by bajaj allianz saleas manager(on his hand writting).
I made hundreds of calls to bajaj allianz office during that time which can be gathered easily.
and many more


I am writting you because i feel badely cheated and
now i will fight back both at Sandeep Agrawal and Bajaj allianz life insurance...
because this could have happened without the nexus of their staffs and management.

Plz suggest
bikash
9861150022