Shravak Arogyam Mediclaim - JIO — Raise in premium for phase 1 policy

Address:	Mumbai City, Maharashtra, 400026
Website:	shravakarogyam.co

Last Year Mediclaim policy for Jains was offered at INR 7, 200 for Family floater of 5 Lacs and mass auidence was enrolled into it mentioning that it is subsidized and policy is for Jains . Since Now Mass Audience has registered they have commercialized it as profit making agency and on a very short notice you have increased the premium for renewals more than double. Initially it was told that this policy is to help Jains, however now it looks like a commercial service and now the premium has change from INR 7, 800/- to INR 16, 985 with no Justification for change and policy term has also been revised.  Even policies from private and government companies have defined their cap limit...however in Jain policy it is like initially it was offered on mouth watering premium and later it has shoot up to make a profitable business...and that too this is not a tax saving instrument. They need to review the revised premium rate. Many Jain families have enrolled which are on poverty line assuming that they live healthier life and now since you have raised the premium how will they accommodate the premium charges? If they were not able to sustain the rate limits you should have initially thought on this. A raise by 1k to 2K can be justified however in your case the raise is more than double which is not acceptable. Please review as we are feeling cheated and many families will not able to continue to the policy.