New India Assurance — mediclaim policy

Address:

380034

Subject: Increased insurance premium

Dear Sirs,

Mediclaim policy no.[protected] - proposal period 15/1/2017 to15/1/2018.

I am a regular mediclaim policy holder for the last several years for myself and my spouse. For the above policy last year I had paid premium of Rs.22356/-. Now for renewal I received the notice for premium of Rs.48166/- for the sum assured of Rs.2, 00, 000 each. I am surprised how come the premium has increase more than 100%. I spoke to the regional manager of New India Assurance Company at Ahmedabad who say they can't do anything as they have received the order from IRDAI and they have increased the premium accordingly. I am a retired person and aged 71 years and don't have any income. I have to depend on my children to make payment. The local manager says that they have received lot of claimed and to compensate they have to collect more premium from policy holders and settle the claim of others. If any policy holder claims frequently more, they should be charged more premium and not from the policy holder who never claim or claimed very less as in my my case where I claimed for my cataract operation. I feel it is unfair to harass senior citizens. Could you please look into this and revert me immediately as the due date is 15th January2018.

Policy holder name: R Swaminathan Iyer
Spouse : Mrs.S.Umadevi

Sum insured for each is Rs.2, 00, 000/-

City: Ahmedabad, Gujarat

Thanking you,
Sincerely

R.Swaminathan Iyer
Mob: [protected]