Apollo Munich Insurance Company [Amic] — Optima restore insurance policy

bhatiavkb

from Noida, Uttar Pradesh

Address:	Gurgaon, Haryana, 201301
Website:	www.apollomunichinsurance.com

Under my policy no 180300/1119/[protected] daed 31-apr-2013, annual premium of rs 34547.89 in 2015 has been arbitrarily & unilaterally increased to rs 52164.68 in 2017 i. E increase of 51% in 2 years, especially when there has been no claim till now... On taking up the matter, they have give me their standard gol-mol reply, without really justifying how their so called medical inflation has undergone exhorbitant increase of 51% within a span of 2 years... This is highly unjustified, unexplainable, unacceptable & unethical to recover huge amount from senior citizen, for which, there is no mention in their original policy... This is a open loot by apollo munich insurance & taking the policy holder for granted

Was this information helpful?

No (0)

Yes (0)

Jun 22, 2017

Updated by bhatiavkb The reply given by the co. is not to the point & is not convincing ...I t has not informed how the premium has gone up unilaterally, without any information to the policy holder, by 51% within a span of 2 years...Has there been INFLATION OF so HIGH magnitude ? The co. is SILENT ON THIS CRUCIAL ASPECT...AFTER, the POLICY IS ISSUED, THEY are EXPERT IN TAKING THE POLICYHOLDERS FOR GRANTED...Reminded again, the co, to submit the proof of having advised me the modification, as being claimed by them FALSELY...Their INCREASE IS HIGHLY OBJECTIONABLE & UNACCEPTABLE & UNJUSTIFIABLE & UNETHICAL .. The co MUST EXPLAIN THE COMPONENTS OF SUCH A HUGE INCREASE ...WITH, this mode, will they increase the premium to 500% in another 5-6 years, as they say that there is TOO HIGH INCREASE IN MEDICAL INFLATION ...Surely, it not the case with other cos . & how it could be applicable only to APOLLO MUNICH ? HORRIBLE ?