[Resolved] Icici Lombard — Change of Policy and High Increase in Premium | |||
I have been buying insurance policies from ICICI lombard for my mother (policy number 4034i/FFH/W-226351/05/000), and have renewed the same over the last 4 years. Though they have been consistantly increasing the premium every year, this year they have increased the premium 2.5 times, citing the reason that they have discontinued the old product as it was not meeting IRDA norms and the new policy will cost me over 21, 000/- whereas I was only paying 8, 000/- previously. I have contacted their customer support and grievance cell but they are not ready to listen to my request. The policy is taken for my mother aged 57 years and have accumulated coverage of existing illness on this policy. ICICI is resorting to unfair practices. Was this information helpful? | |||
Aug 14, 2020 Complaint marked as Resolved | |||
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ICICI Lombard House, Old Tata Press Building, Near Siddhivinayak Temple, 414, Veer Savarkar Marg, Prabhadevi, Mumbai, Maharashtra, India - 400025
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