Subject: unjustified hike in renewal premium
My Name: BHAVAN BHAVSAR
My City: ahmedabad
My Complaint Against: oriental insurance company
Complaint Category: Insurance Companies
Claim Amount (Approx.): 20000
My Complaint Description:
Myself BHAVAN BHAVSAR. I have a Oriental's Family Floater Mediclaim policy number 171591/48/2016/83 and it is continue since 4 years without any drops.
This policy is renewing on 12th April. Yesterday when I contacted the agent to pay the premium of it, I really shocked after hearing amount of premium.
Previous year, premium was rs.5348 and today they are asking amount around rs. 18,000 to renew the same policy with same sum Assurance amount of rs.1,50,000.
How can anyone believe that premium is hiked from rs.5384 to rs.19000, more than 330% hike in premium. How can common man afford it.?
since 4 years, i paying premium without single rupee claim. In this year, when i claimed for hospitalization, they are asking too much hiked premium. i can't afford it.
Please help or suggest any other process.