[Resolved]  Reliance General Insurance — Premium Renewal is increased by 4 times.

Address:

Bangalore, Karnataka

I received premium renewal notice for Reliance general insurance. I was shocked to see the increase in the premium to 4 times. My last year's premium was 3463. I got NCB of 5 %. But my renewal premium this year is 1439 which is 4 times. There is a note in the premium notice which reads :

"We would like to inform you that the premium rates have been revised providing for the increase in the illnesses and the treatment costs."

Are the treatment rates increased 4 times in 1 year?

I believe that the company is cheating their customers once the 2 yrs period is over. Now they have to support the existing diseases if any.

Need help and guidance in sorting this out.