Icici Lombard — Raised premium of my parents medical policy 300%

Address:

Mumbai City, Maharashtra

Unbelievable yes but this is true. I bought a health insurance policy for my parents 3 years back from ICICI Lombard after little research. my parents were till now in 45-55 age slab. From this year onwards they raised the premium from Rs10500 to Rs32000 stating that my policy has been upgraded and some benefits have been added and your parent is falling in the age group of 56 years and above. I strongly feel that no justification is enough to raise the premium more than 3 times of your original premium. I strongly recommend not to buy any policy from ICICI Lombard.