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Thread: More premium demanded

  1. #1
    PolicyWala NewBie
    Join Date
    Feb 2012
    Location
    Bangalore
    Posts
    3

    Default More premium demanded

    My health insurance company is asking for Rs 2000 extra to renew the policy saying that premium rates have gone up. This is the second claim-free year of the policy and last year also they demanded extra premium but settled for the original premium after I complained.

    What shall I do in this case?



  2. #2
    PolicyWala Newbie
    Join Date
    May 2009
    Location
    India
    Posts
    34

    Default

    It's on the insurance company, they can increase rates as and when they feel the need. Each insurance provider check his complete portfolio and then increase the rate. You can use your past method (complain) or you also can try Health Insurance Portability option, if you are not happy with the increase.

    I also had a bad experience with Reliance.

  3. #3
    Moderator Rahul's Avatar
    Join Date
    Feb 2009
    Location
    Delhi
    Posts
    386

    Default

    If you are happy with your insurance company other then rate increase, I would suggest talk to them if they again reduce your premium.
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