Irda — very high increase in health insurance premium renewal for current year 2018-19

Address:	Bangalore, Karnataka, 560094
Website:	The New India Assurance Co. Ltd.

I am a senior citizen aged 66 years and i have no income for paying my health insurance premium. I have continuously renewed my health insurance plan from the year 2002 with the new india assurance co. Ltd.

I am really shocked to note the hike in health insurance premium renewal charges from the current year 2018-19. Due to this hike in health insurance premium renewal rates, i am forced to lose and forego my health insurance coverage accumulated for the past 16 years.

Request irda senior officials to discuss with health ministry under govt. Of india and take necessary immediate steps to provide more discounts favouring senior citizens of india instead of raising the health insurance premium amount (More than double the amount) for senior citizens aged 66 years and above.

Details of health insurance annual premium:

Self - insured for 3 lakhs and my wife - insured for 2 lakhs.
Total family coverage for 5 lakhs - health insurance premium paid last year[protected] is as below

Annual premium is rs.18, 992/-
Service tax is rs.2, 659/-
Swatch bharat cess is rs.95/-
Krishi kalyan cess is rs.95/-
Total health insurance policy annual premium charges paid is rs.21, 841/-

For current year annual premium charges for the same insured amount is increased as below.

Annual premium is rs.39, 528/-
Gst tax @18% is rs.7, 115/-
Total health insurance policy annual premium charges increased to rs.46, 643/-

Suggest instead of hiking more than double the health insurance policy annual premium charges, govt. Of india can consider subsidised charges in health insurance policy annual premium for senior citizens of india.

Look forward to your necessary immediate action in this regard.