[Resolved] Reliance General Insurance Company Limited — Unethical increment (461.5%) of renewal premium | |||
I Sri Ashes Mukherjee & Family joined in Healthwise –Gold scheme of Reliance General Insurance Company on 12.10.2007 with first premium Rs 4773 for 2 years (policy No.[protected] and paid 1st renewal premium Rs 2451 for 1 year in 12.10.2009 (policy no. [protected]). Now, I received a Renewal Notice dated 05.07.2010 stated 2nd renewal premium Rs.11315 for 1 year with increasing rate of 461.5%, on the ground of “an upswing in the illness and the inflationary trend in medical costs”. RGIL are fixing Rs.11315 premium (34 years - Primary Holder) for 2 Lakhs Sum Assured, ie Occurrence and Sample Ratio is 1 : 17.68 means out of 18 (17.68) policyholders 1 policy holder will make claim, does it really possible in this age group ? I don’t know, which Actuarial Statistic’s calculation approved thatr premium rate. The provision of this type o[censored]nethical premium increment (461.5%) should be granted by Insurance Act and also approved by regulatory authorities like IRDA / SEBI. Not only RGIL the other Regulatory Authorities like IRDA / SEBI must look into the matter & reconsider their approvals because as a developing country like INDIA where GOVT. OF INDIA put more emphasis on Health Insurance. But, till today this type o[censored]nethical, cheating, customer harassments are also going on regular basis and our GOVT have no control over the situation. Was this information helpful? | |||
Aug 13, 2020 Complaint marked as Resolved | |||
 1 Comment | |||
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C- 42, Pawane,T.T.C, Industrial Area, M.I.D.C, Turbhe, Navi Mumbai, Maharashtra, India
Reliance General Insurance Company Limited — Charges recovered against Policy No 1601792311002132
Respected Sir,Your Company had passed a claim reference No. [protected] against Policy No. [protected]. As per Policy details Company will deducted Rs. 500/- against claim amount passed by the company. The moment i received your Cheque i saw that Rs. 4000/- instead of Rs. 500/- deducted from total claim of Rs. 8470/-.
I have some doubts against the policy of the company, the moment you are providing Policy to the policy holder you are not sure/aware about the facts mentioned in the policy.
Considering the same issue, kindly revert Rs. 3500/- which was wrongly debited from the claim amount while settling the Claim note.
Copy of Policy attached
Thanks
Amber Rupani
204, Sonal Residencies
B/h Ghelani Petrol Pump,
Nizampura, Vadodara
E Mail ID [protected]@yahoo.co.in & amber.[protected]@sbi.co.in
Mobile No. [protected]