New India Assurance — mediclaim policy no:[protected]

Name : malandkar mahesh j
Customer id:2h3085933
Policy no:[protected]
Period of insurance:30/09/2016 to 29/09/2017
Date of inception:03/09/2004
Premium amount paid:rs. 15380+2307s. T.=17687
My details are as given above. I have renewed my mediclaim policy continuously since inception in 2004 without break. During last 13 years there is not a single claim from me. During this period the premium has increased every year. However this year the increase in premium was drastic. I was told by my agent that the premium will be more than rs. 25000/- which means more than 50% increase.
I could not afford such a high premium and with great reluctance i opted to discontinue my 13 year old policy.in the process i had to bear loss of accumulated bonus of rs 155000/-
This increase in premium is unjustified, arbitrary & with sole purpose of driving out customers which company sees as having higher probability of submitting claims & potential liability.
I seek reduction in premium amount and a chance to continue my policy with benefit of accumulated bonus.