Health Insurance High Premium of 14000-15000 increase in 1 year

P

pompadas

New member
Policy Name
Health Companion
Company Name
niva bupa
Loss Amount
14000
Ratings
1.00 star(s)
I have taken the Niva Bupa Poli cy in 2017 for my father (DOB-31 May-1959) with 17000 premium for 5 lakhs coverage (health companion). My Last year's premium was 31700 , suddenly they increased the prmium to 44700 this years which is too much. Every year they kept on increasing and within a year 14000 -15000 increase is too much. I want to understand whose decision it is , why this was not informed at the time of taking the policy. This is just a one way demand and as a customer we don't have any say. I understand after a certain age there is an increase in premium but 14000- 15000 in a years , this is not acceptable. I don't know how much it will help writing here, but should be considered .

Thanks
Pompa Das
 
Hello @pompadas

Before proceeding further, we recommend that you first send an email to the customer care department of the Niva Bupa, clearly outlining your concerns and requesting to provide the complete information about the insurance policy pricing and the renewal details. This step not only gives the company a chance to address the issue but also helps strengthen your case if you decide to file a complaint with the Consumer Forum later.

Please wait for a reasonable time for their response. If they do not respond or fail to resolve the matter satisfactorily, feel free to reach out to us again. When you do, kindly include a copy of your email to them and any response (if received), so we can guide you on the next steps.

Best regards,
Thanks
 
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