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Lolaz Enterprise responds to allegation
Published on 30 Jan. 2011 12:49 AM IST
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Responding to allegations that M/S Lolaz Enterprise had duped the public of insurance money, Lolano John of M/S Lolaz Enterprise said she was appointed as a franchisee by the Bajaj Allianz Insurance Co. Ltd and authorised as a franchisee to facilitate insurance policy of the Company till August 28, 2008.
After that, Lolano said the chief divisional manager, Bajaj Allianz welcomed her as a franchisee in Dimapur in Corporate Model of Alternate Channel. Lolano, therefore, said that the allegation that she has been or was operating/representing the Bajaj Allianz Insurance Co. Ltd was “wholly concocted.”
Lolano said she has deposited the premiums till date and that she has done her best to facilitate the policy holders of the Company. The agent asked the Bajaj Allianze as to why it had been accepting the premium deposited by her till date in the account of the company if she was not an authorized agent.
“The Bajaj Allianz Insurance Company Ltd is duty bound to clarify as to where the deposited money is as is proved by the bank statements and the Deposit slips lying before the investigating agency,” she added.
Taking a dig at the company, Lolano said when the policy holder desired to close the policy by surrendering the same, the Bajaj Allianz Insurance Co.Ltd have been on one pretext or the other avoiding the refund of the investment on such surrender, thereby shifting the blame on her.
“The Bajaj Allianz Insurance Co.Ltd is merely attempting to dupe the policy holder by shifting the burden on the undersigned after utilizing the service of the undersigned,” Lolano said.

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