| Address: Gautam Buddh Nagar, Uttar Pradesh |
Policy no.[protected] with your noida office. Customer id po07918673. I am having the subject policy since march, 2000. Amount covered my self rs.2.00 lac spouse rs. 1.00 lac. The joint premium for the year 2017-18 was rs.14318.00. This year the premium demanded is rs.39648.00. I have not made any claim during the last 18 years and only paid premium in order to continue the policy for my old age. Now the premium has been raised to the prohibitive extent and therefore, i have not been able to get the renewal of the policy. At this age (67 years) i am also not able to get coverage from any other company also.
I presume this is a well planned policy of the company to pocket the premium during the young age of the policy holder and increase the premium to such a level so that the senior citizens are compelled to exit. How the company is going to compensate?
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