[Resolved]  Reliance General Insurance — Unjustified Increase in the Annual Premium

Address:

Pune, Maharashtra

Respected Sir,
I am a policy holder of Reliance General Insurance. My Policy No. is [protected] which is a Family Health Insurance Gold Plan policy. This policy is due for renewal on on[protected].
Sir, I would like to draw your kind attention that in the present year, I paid Insurance premium of Rs.3728/- for the Sum Insured of Rs.300,000/- for the family (Husband+Wife+ 1 Child). SURPRISINGLY, when I received the policy renewal notice I got shocked as the premium amount of Rupees 3728/- was increased to Rs.14,319/- for the same policy of Rs.300,000/-. The reason of such a massive increase in health policy is given by the company as "UPSWING IN THE ILLNESS & THE INFLATIONARY TREND IN MEDICAL COSTS".
Sir, I feel the reason Insurance Company has given to increase in the policy premium amount by nearly 400% is totally unjustified & cannot prove increase in medicines cost by nearly 400%.
I therefore request Honourable Consumer Forum to take corrective action to safeguard interest of the common people & Direct the insurance companies not to increase premiums as stated in this case.

Thanking you
yours faithfully
Sameer Ingle